Cyprus GDP Q4 2019


Cyprus: Growth wanes in Q4 2019

February 14, 2020

Annual growth ebbed to 3.2% in the fourth quarter of 2019 from 3.5% in the previous quarter. According to the preliminary release by the Statistical Service of Cyprus (CYSTAT), the fourth-quarter upturn was mainly supported by the following sectors: hotels and restaurants; retail and wholesale trade; construction; manufacturing; professional, scientific and technical activities; and administrative and support service activities.

In seasonally- and working-day-adjusted terms, the economy grew 0.8% quarter-on-quarter in Q4 2019, above Q3’s 0.5% increase.

More detailed national accounts data will be released on 28 February.

FocusEconomics panelists project GDP to increase 2.9% in 2020, which is up 0.1 percentage points from last month’s forecast, and 2.5% in 2021.

Author:, Economist

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