Exports G&S in Cyprus
Cyprus - Exports Goods and Services
Economic growth gains steam in Q4
A second reading of national accounts data revealed that GDP growth accelerated in the fourth quarter, rising to 6.4% year-on-year from 5.3% in the third quarter.
Private consumption increased 6.4% in the fourth quarter, which was above the third quarter's 3.1% expansion. Public spending growth eased to 0.6% (Q3: +4.7% yoy). Meanwhile, fixed investment contracted 42.6% in Q4 (Q3: -11.3% yoy).
Growth in exports of goods and services decelerated to 15.3% year-on-year in Q4 (Q3: +35.3% yoy). Similarly, growth in imports of goods and services waned to 8.8% in Q4 (Q3: +19.2% yoy).
On a working-day and seasonally-adjusted quarter-on-quarter basis, economic growth eased to 0.7% in Q4 from 1.7% in the third quarter.
FocusEconomics panelists see activity rebounding and growing 4.1% in 2022, which is unchanged from last month’s forecast. In 2023, GDP growth is seen at 3.6%.
Cyprus - Exports G&S Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Exports (G&S, annual variation in %) | 9.9 | 7.2 | 8.7 | 4.6 | 2.0 |
Cyprus Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 1.12 | 0.65 % | Dec 31 |
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Economic News
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Cyprus: Industrial output growth drops to 10-month low in February
April 28, 2022
Industrial output expanded 3.4% year-on-year in February (January: +4.7% yoy).
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Cyprus: Inflation comes in at highest level since August 1992 in March
April 7, 2022
Consumer prices increased 1.83% in March over the previous month, picking up from February's 1.21% rise.
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Cyprus: Economic growth gains steam in Q4
March 4, 2022
A second reading of national accounts data revealed that GDP growth accelerated in the fourth quarter, rising to 6.4% year-on-year from 5.3% in the third quarter. Private consumption increased 6.4% in the fourth quarter, which was above the third quarter's 3.1% expansion.
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Cyprus: Industrial output growth picks gains momentum in December
February 25, 2022
Industrial output grew 4.7% year-on-year in December, slightly up from the 4.4% clocked in November.
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Cyprus: Inflation continues to rise in February
February 23, 2022
Consumer prices rose 1.21% from the previous month in February, which contrasted the 0.50% drop seen in January.
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