GDP per capita in Cyprus

Cyprus GDP per capita (USD) | Economic News & Forecasts

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

2015   2016   2017   2018   2019  
GDP per capita (USD)23,495  24,764  26,784  28,588  28,539  

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Cyprus Facts

Value Change Date
Exchange Rate1.120.65 %Dec 31

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