Gross domestic product of Cyprus expanded 3.5 percent year-on-year in the first quarter of 2019, following a 3.8 percent advance in the previous period, a preliminary estimate showed. Positive contributions to growth came from hotels and restaurant, retail and wholesale trade, construction, manufacturing, professional, scientific and technical activities and administrative and support service activities. On the other hand, financial and insurance activities shrank. On a quarterly basis, the economy grew 0.9 percent, the same pace as in the previous quarter. GDP Annual Growth Rate in Cyprus averaged 2.42 percent from 1996 until 2019, reaching an all time high of 6.60 percent in the second quarter of 2000 and a record low of -6.70 percent in the first quarter of 2013.

GDP Annual Growth Rate in Cyprus is expected to be 4.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Cyprus to stand at 3.50 in 12 months time. In the long-term, the Cyprus GDP Annual Growth Rate is projected to trend around 3.20 percent in 2020, according to our econometric models.

Cyprus GDP Annual Growth Rate
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2018-12-07 10:00 AM GDP Growth Rate YoY Final 3.7% 4.0% 3.6%
2019-02-14 10:00 AM GDP Growth Rate YoY Flash 3.9% 3.7% 4%
2019-03-12 10:00 AM GDP Growth Rate YoY Final 3.8% 3.8% 3.9%
2019-05-15 09:00 AM GDP Growth Rate YoY Flash 3.5% 3.8% 3.9%
2019-06-07 09:00 AM GDP Growth Rate YoY Final 3.8% 3.5%
2019-08-14 09:00 AM GDP Growth Rate YoY Flash 4.2%
2019-09-06 09:00 AM GDP Growth Rate YoY Final 4.2%


Cyprus GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.90 1.00 2.40 -2.00 percent [+]
GDP Annual Growth Rate 3.50 3.80 6.60 -6.70 percent [+]
GDP 21.65 20.15 27.84 0.49 USD Billion [+]
GDP Constant Prices 5143.20 5093.80 5143.20 2544.70 EUR Million [+]
Gross National Product 20730.85 19213.76 20730.85 6924.70 EUR Million [+]
Gross Fixed Capital Formation 1533.50 911.70 1533.50 -6064.00 EUR Million [+]
GDP per capita 29432.67 28549.47 32651.91 7618.12 USD [+]
GDP per capita PPP 32415.13 31442.44 35960.58 22873.31 USD [+]
GDP From Agriculture 81.80 81.70 153.40 76.40 EUR Million [+]
GDP From Construction 331.70 317.50 494.60 158.30 EUR Million [+]
GDP From Manufacturing 235.23 231.44 272.27 163.52 EUR Million [+]
GDP From Mining 330.80 327.70 376.40 245.50 EUR Million [+]
GDP From Public Administration 469.57 462.30 469.57 161.34 EUR Million [+]
GDP From Services 1098.20 1108.30 1108.30 577.23 EUR Million [+]


Cyprus GDP Annual Growth Rate

Services including tourism, financial services, and real estate are considered as the backbone of the Cyprus economy, accounting for nearly 80 percent of GDP. Industry accounts for only 10 percent and agriculture for 2 percent. 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 Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Cyprus GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.50 3.80 6.60 -6.70 1996 - 2019 percent Quarterly
SA, WDA




Country Last Previous
India 6.60 Dec/18
China 6.40 Mar/19
Indonesia 5.07 Mar/19
Saudi Arabia 3.60 Dec/18
United States 3.20 Mar/19
Spain 2.40 Mar/19
Australia 2.30 Dec/18
South Korea 1.80 Mar/19
United Kingdom 1.80 Mar/19
Netherlands 1.70 Mar/19
Canada 1.60 Dec/18
Switzerland 1.40 Dec/18
Euro Area 1.20 Mar/19
Mexico 1.20 Mar/19
Singapore 1.20 Mar/19
Brazil 1.10 Dec/18
France 1.10 Mar/19
South Africa 1.10 Dec/18
Japan 0.80 Mar/19
Germany 0.70 Mar/19
Russia 0.50 Mar/19
Italy 0.10 Mar/19
Turkey -3.00 Dec/18
Argentina -6.20 Dec/18


Related

Latest