GDP in Cyprus

Cyprus GDP | Economic News & Forecasts

Cyprus - GDP

Growth wanes in Q4 2019

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.

Cyprus - GDP Data

2014   2015   2016   2017   2018  
Economic Growth (GDP, annual variation in %)-1.3  2.0  4.8  4.5  3.9  

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Cyprus GDP Chart

Cyprus GDP
Note: Annual variation of gross domestic product (GDP) in %.
Source: National Statistical Service and FocusEconomics calculations.

Cyprus Facts

Value Change Date
Exchange Rate1.120.65 %Dec 31

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