GDP in Cyprus
Cyprus - GDPEconomic indicators suggest that growth remained solid in the second quarter, after GDP expanded at a multi-year high in Q1. The unemployment rate fell to the lowest level since March 2012 in May as healthy activity is benefitting the labor market. Moreover, tourism revenues rose at a double-digit pace in April and exports grew strongly in May. On the political front, talks mediated by the United Nations aimed at reuniting the island collapsed in July, amid disagreement over outside troop presence and guarantor status. Following the breakdown, tensions have flared further over contested gas exploration rights between Cyprus’ government and Turkey.
Cyprus - GDP Data
|Economic Growth (GDP, annual variation in %)||-3.2||-6.0||-1.5||1.7||2.8|
5 years of economic forecasts for more than 30 economic indicators.
Cyprus GDP Chart
Source: National Statistical Service and FocusEconomics calculations.
|Exchange Rate||1.17||0.33 %||Aug 17|
|Stock Market||77.6||0.13 %||Aug 17|
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