Cyprus GDP Growth Rate
The Gross Domestic Product (GDP) in Cyprus contracted 0.70 percent in the first quarter of 2014 over the previous quarter. GDP Growth Rate in Cyprus averaged 0.32 Percent from 2001 until 2014, reaching an all time high of 2 Percent in the first quarter of 2007 and a record low of -1.80 Percent in the second quarter of 2013. GDP Growth Rate in Cyprus is reported by the Statistical Service of the Republic of Cyprus.
||2001 - 2014
Cyprus' division between the internationally recognized government in the south and the Turkish-occupied north has a constant presence in the country's economic matters. Tourism plays an important role in Cyprus' economy. Even so, friendly laws and low taxes for financial companies have made Cyprus an attractive destination to conduct international business in Europe. Cyprus is the fourth-largest ship registry in the world, consisting of an open registry which accounts for ships from more than 43 countries. This page provides - Cyprus GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.