GDP in Cyprus

Cyprus GDP | Economic News & Forecasts

Cyprus - GDP

The economy has had a strong start to 2017. According to preliminary data, GDP growth accelerated to 3.3% in Q1 in annual terms, easily beating market expectations and marking the fastest rate since the height of the financial crisis. Credit rating agency Moody’s recently stated that the strong GDP print will strengthen bank clients’ ability to restructure their loans and improve their repayment capacity, which should in turn translate into a more resilient banking system. Moody’s also expects higher economic growth to increase businesses’ cash flow and improve the labor market.

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 Rate1.120.43 %Jun 16
Stock Market75.5-0.66 %Jun 16

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