GDP in Cyprus

Cyprus GDP | Economic News & Forecasts

Cyprus - GDP

The economy grew at the fastest rate in eight years in 2016, mainly driven by strong fixed investment growth. The positive result quelled concerns regarding the island nation’s ongoing recovery following its exit from the EU/IMF-funded rescue program in March of last year. A recent IMF staff visit found that since the country exited the bailout program, not only has economic activity picked up pace but liquidity in the banking system has improved, restructuring of nonperforming loans has accelerated and the fiscal primary surplus has increased. Debt markets seem to share the IMF’s positive view of the economy. In March, the government’s long-term borrowing costs fell to 15-year lows.

Cyprus - GDP Data

2011  2012  2013  2014  2015  
Economic Growth (GDP, annual variation in %)0.3  -3.2  -6.0  -1.5  1.7  

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Cyprus GDP Chart

Cyprus GDP
Note: Annual variation of gross domestic product (GDP) in %.
Source: National Statistical Service and FocusEconomics calculations.

Cyprus Facts

Exchange Rate1.09-0.20 %May 10
Stock Market76.70.71 %May 10

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