Cyprus GDP Growth Rate  2001-2016 | Data | Chart | Calendar | Forecast

The Gross Domestic Product (GDP) in Cyprus expanded 0.90 percent in the first quarter of 2016 over the previous quarter. GDP Growth Rate in Cyprus averaged 0.32 percent from 2001 until 2016, reaching an all time high of 2 percent in the first quarter of 2007 and a record low of -2.10 percent in the first quarter of 2013. GDP Growth Rate in Cyprus is reported by the Statistical Service of the Republic of Cyprus.

Cyprus GDP Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
0.90 0.40 2.00 -2.10 2001 - 2016 percent Quarterly
SA, WDA
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. On the expenditure side, household consumption is the main component of GDP and accounts for 70 percent of its total use, followed by government expenditure (16 percent) and gross fixed capital formation (11 percent). Exports of goods and services account for 55 percent of GDP while imports account for 53 percent, adding 2 percent of total GDP. This page provides - Cyprus GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Cyprus GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on May of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-02-12 10:00 AM Q4 0.4% 0.5% 0.09%
2016-03-10 10:00 AM Q4 0.4% 0.4% 0.4% 0.4%
2016-05-13 09:00 AM Q1 0.9% 0.4% 0.5%
2016-06-09 09:00 AM Q1 0.4%
2016-08-12 09:00 AM Q2 0.92%
2016-09-08 09:00 AM Q2

Cyprus GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.90 0.40 2.00 -2.10 percent [+]
GDP Annual Growth Rate 2.70 2.80 5.50 -6.50 percent [+]
GDP 23.23 24.06 27.49 0.49 USD Billion [+]
GDP Constant Prices 3819.00 3805.30 4205.80 2522.30 EUR Million [+]
Gross National Product 17420.60 16896.00 18054.50 6924.70 EUR Million [+]
Gross Fixed Capital Formation 497.40 540.20 1407.00 -6064.00 EUR Million [+]
GDP per capita 21852.09 22152.41 26384.42 6311.68 USD [+]
GDP per capita PPP 29673.18 30080.99 35827.68 23365.72 USD [+]
GDP From Agriculture 76.50 75.30 101.80 48.20 EUR Million [+]
GDP From Construction 110.90 108.00 408.60 102.30 EUR Million [+]
GDP From Manufacturing 186.46 186.00 262.85 179.38 EUR Million [+]
GDP From Mining 276.80 276.40 350.30 267.50 EUR Million [+]
GDP From Public Administration 309.87 307.60 309.87 135.41 EUR Million [+]
GDP From Services 1011.30 1005.40 1107.40 602.37 EUR Million [+]




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