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.

Cyprus GDP Growth Rate
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Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-14 09:00 AM GDP Growth Rate QoQ Flash 0.8% 1% 0.9%
2018-09-10 12:30 PM GDP Growth Rate QoQ Final 0.8% 1% 0.8%
2018-11-14 10:00 AM GDP Growth Rate QoQ Flash 0.7% 0.8% 0.7%
2018-12-07 10:00 AM GDP Growth Rate QoQ Final 0.8% 0.7%


Cyprus GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.70 0.80 2.40 -2.00 percent [+]
GDP Annual Growth Rate 3.60 4.00 6.60 -6.70 percent [+]
GDP 21.65 20.15 27.84 0.49 USD Billion [+]
GDP Constant Prices 5035.60 4249.30 5035.60 2544.70 EUR Million [+]
Gross National Product 19213.76 18219.11 19213.76 6924.70 EUR Million [+]
Gross Fixed Capital Formation 1075.00 448.69 1417.90 -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 85.00 63.80 117.30 54.40 EUR Million [+]
GDP From Construction 279.10 211.30 403.20 134.30 EUR Million [+]
GDP From Manufacturing 231.96 209.09 260.53 155.32 EUR Million [+]
GDP From Mining 333.60 287.30 341.60 230.90 EUR Million [+]
GDP From Public Administration 448.11 374.36 448.11 161.34 EUR Million [+]
GDP From Services 1094.60 967.07 1094.60 578.95 EUR Million [+]


Cyprus GDP 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. 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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.70 0.80 2.40 -2.00 1995 - 2018 percent Quarterly
SA, WDA




Country Last
Singapore 4.70 Sep/18
United States 3.50 Sep/18
Indonesia 3.09 Sep/18
India 1.90 Jun/18
China 1.60 Sep/18
Australia 0.90 Jun/18
Mexico 0.90 Sep/18
Russia 0.90 Jun/18
Turkey 0.90 Jun/18
Canada 0.70 Jun/18
Switzerland 0.70 Jun/18
South Korea 0.60 Sep/18
Spain 0.60 Sep/18
United Kingdom 0.60 Sep/18
France 0.40 Sep/18
Brazil 0.20 Jun/18
Euro Area 0.20 Sep/18
Netherlands 0.20 Sep/18
Italy 0.00 Sep/18
Saudi Arabia -0.05 Mar/18
Germany -0.20 Sep/18
Japan -0.30 Sep/18
South Africa -0.70 Jun/18
Argentina -4.00 Jun/18


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