Cyprus GDP

13 Mar 2018

GDP growth rate for the fourth quarter of 2017 is estimated to be 3.9% compared to the same period of 2016, data released by the Cyprus Statistical Service, on Friday, show.
Based on seasonally and working day adjusted data, GDP growth rate in real terms is estimated at 3.9%. The increase of the GDP growth rate is mainly attributed to the sectors of hotels and restaurants, retail and wholesale trade, construction, and manufacturing. GDP in the fourth quarter of 2017 reached €4.8 billion whereas on a yearly basis reached €19.2 billion.