The economy of Cyprus expanded 0.7 percent, following a 0.8 percent expansion in the preceding quarter, a preliminary estimative showed. GDP Growth Rate in Cyprus averaged 0.59 percent from 1995 until 2018, reaching an all time high of 2.40 percent in the third quarter of 2001 and a record low of -2 percent in the fourth quarter of 2012.
GDP Growth Rate in Cyprus is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Cyprus to stand at 1.00 in 12 months time. In the long-term, the Cyprus GDP Growth Rate is projected to trend around 0.40 percent in 2020, according to our econometric models.