GDP per capita in Cyprus
Cyprus - GDP per capita (U.S. Dollars)
GDP growth softens in the third quarter
Economic growth softened in the third quarter amid a waning base effect, but remained robust, with GDP expanding 5.2% year-on-year. This followed the second quarter’s 13.1% jump.
Although a full breakdown is not yet available, the accompanying statement noted that growth was mainly due to the hotels and restaurants, manufacturing, transport, and wholesale and retail trade sectors.
Meanwhile, underlying momentum largely carried over into Q3, as the economy expanded 1.3% over the prior quarter, only slightly down from the second quarter’s 1.5% expansion.
More detailed national accounts data will be released on 31 November.
FocusEconomics panelists project GDP to expand 4.2% in 2022, which is down 0.1 percentage points from last month’s forecast. For 2023, our panel sees economic growth at 3.8%.
Cyprus - GDP per capita (USD) Data
|GDP per capita (USD)||23,495||24,764||26,784||28,588||28,539|
5 years of economic forecasts for more than 30 economic indicators.
|Exchange Rate||1.12||0.65 %||Dec 31|
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November 17, 2021
Economic growth softened in the third quarter amid a waning base effect, but remained robust, with GDP expanding 5.2% year-on-year.
November 5, 2021
Consumer prices rose 0.73% in October over the previous month, contrasting September’s 0.06% decline.
October 27, 2021
Industrial output rose 8.5% compared to the same month a year earlier in August, which was above July's 5.9% increase.
October 7, 2021
Consumer prices slid 0.06% in September, contrasting August’s 1.55% rise and falling for the first time since January.
September 29, 2021
Industrial output rose 5.6% compared to the same month of the previous year in July, which was a deterioration from June's 6.9% increase.