GDP in Cyprus
Cyprus - GDP
Available data for the fourth quarter of last year paints a mixed picture, but overall suggests the economy should have registered another quarter of healthy expansion. This followed a firm third quarter, driven by buoyant household spending and upbeat construction investment. On the upside, annual growth in tourist arrivals was stronger in Q4 than in the previous quarter, while business confidence was especially buoyant, which bodes well for investment activity in the final quarter. Less positively, the unemployment rate increased in November for the second consecutive month, and consumer confidence remained stuck in negative territory throughout the quarter, which suggests cooling household spending.Cyprus - GDP Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Economic Growth (GDP, annual variation in %) | -5.9 | -1.4 | 2.0 | 3.4 | 3.9 |
Cyprus GDP Chart
Source: National Statistical Service and FocusEconomics calculations.
Cyprus Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 1.14 | 0.65 % | Jan 30 |
| Stock Market | 61.9 | -0.44 % | Jan 30 |
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Economic News
Cyprus: Inflation inches up in March
April 17, 2019
Consumer prices jumped 0.8% from the previous month in March, following February’s flat reading.
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