Fiscal Balance in Cyprus

Cyprus Fiscal Balance | Economic News & Forecasts

Cyprus - Fiscal Balance

Growth decelerated in the first quarter on a significant contraction in exports. A marked weakening in the tourist sector was partly responsible for the negative performance of the external sector, although a surge in highly volatile fixed investment partially cushioned the GDP slowdown. Available data for Q2 hints at a possible pick-up in activity: Tourist arrivals rebounded in April, although the pace of increase suggests the sector has lost momentum; the unemployment rate fell; while business confidence gained some ground in April-May. Meanwhile, on the international front, relations with Turkey are being strained as Turkish ships continue to carry out explorations for oil and gas in the exclusive economic zone of Cyprus. At the end of May, the European Commission reiterated its condemnation of Turkey’s “continued illegal actions in the Eastern Mediterranean”.

Cyprus - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)-5.1  -9.0  -1.3  0.3  1.8  

Sample Report

5 years of economic forecasts for more than 30 economic indicators.


Cyprus Facts

Exchange Rate1.130.65 %Jul 11
Stock Market72.2-0.44 %Jul 11

Sample Report

Get a sample report showing our regional, country and commodities data and analysis.


Request a Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Economic News

Search form