GDP in Cyprus
Cyprus - GDPCyprus’ main economic indicators for the end of 2016 look positive, with industrial production and retail sales growing strongly in October and November respectively, and consumer and business confidence rising substantially over the year, despite dipping slightly in December. After successfully implementing reforms to the pension system and the financial sector, the government is pushing ahead with a public administration overhaul and has set its sights on obtaining an investment-grade credit rating, making the country eligible for ECB asset purchases and improving banks’ access to credit. On the political front, there are glimmers of hope that talks in Geneva this month between the island’s Greek- and Turkish-Cypriot communities could pave the way for reunification, which if realized would have huge ramifications for the economy.
Cyprus - GDP Data
|Economic Growth (GDP, annual variation in %)||0.4||-2.5||-5.9||-2.5||1.6|
5 years of economic forecasts for more than 30 economic indicators.
Note: Annual variation of gross domestic product (GDP) in %.
Cyprus GDP Chart
Source: National Statistical Service and FocusEconomics calculations.
|Exchange Rate||1.07||0.92 %||Feb 16|
|Stock Market||66.7||0.69 %||Feb 16|
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