GDP in Cyprus
Cyprus - GDPAccording to a second release made by the Statistical Service of Cyprus, GDP increased 3.0% year-on-year in the fourth quarter, bringing full year growth to 2.8%, an eight-year high. The strong print for Q4 was mainly driven by a massive increase in investment and a modest acceleration in private consumption growth, which benefitted from declining unemployment and rising disposable income. Credit rating agency Standard and Poor’s has taken note of Cyprus' encouraging macroeconomic performance and impressive budgetary consolidation efforts and raised the country’s credit from BB to BB+ on 17 March.
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.
Cyprus GDP Chart
Source: National Statistical Service and FocusEconomics calculations.
|Exchange Rate||1.09||-0.16 %||Mar 28|
|Stock Market||67.1||0.10 %||Mar 28|
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