Cyprus GDP Annual Growth Rate  1996-2017 | Data | Chart | Calendar

The economy of Cyprus advanced 3.5 percent year-on-year in the second quarter of 2017, in line with the preliminary estimate and below a 3.7 percent expansion in the previous period. Activities in hotels and restaurants; retail and wholesale Trade; construction and manufacturing were the main drivers of growth while the financial and insurance sector contracted. On a quarterly basis, the economy expanded 0.9 percent, slightly below a 1 percent growth in the previous period. GDP Annual Growth Rate in Cyprus averaged 2.15 percent from 1996 until 2017, reaching an all time high of 6.50 percent in the second quarter of 2000 and a record low of -6.90 percent in the second quarter of 2013.

Cyprus GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2017-06-09 09:00 AM GDP Growth Rate YoY Final 3.3% 2.9% 3.3%
2017-08-14 09:00 AM GDP Growth Rate YoY Flash 3.5% 3.7% 3.4%
2017-09-08 09:15 AM GDP Growth Rate YoY Final 3.5% 3.7% 3.5% 3.5%
2017-11-14 10:00 AM GDP Growth Rate YoY Flash 3.5% 3.6%
2017-12-08 10:00 AM GDP Growth Rate YoY Final 3.5% 3.6%


Cyprus GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.90 1.00 2.50 -2.00 percent [+]
GDP Annual Growth Rate 3.50 3.70 6.50 -6.90 percent [+]
GDP 19.80 19.56 27.84 0.49 USD Billion [+]
GDP Constant Prices 4071.90 4036.00 4241.50 2543.70 EUR Million [+]
Gross National Product 17420.60 16896.00 18054.50 6924.70 EUR Million [+]
Gross Fixed Capital Formation 704.00 834.11 1407.00 -6064.00 EUR Million [+]
GDP per capita 28325.44 27587.28 32651.91 7618.12 USD [+]
GDP per capita PPP 31195.51 30382.56 35960.35 22873.17 USD [+]
GDP From Agriculture 69.70 68.50 117.30 47.30 EUR Million [+]
GDP From Construction 177.60 182.00 408.40 133.70 EUR Million [+]
GDP From Manufacturing 184.12 187.54 260.70 155.17 EUR Million [+]
GDP From Mining 258.20 263.60 341.70 231.70 EUR Million [+]
GDP From Public Administration 358.70 354.00 358.70 161.27 EUR Million [+]
GDP From Services 926.03 917.86 967.08 578.96 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 September of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
3.50 3.70 6.50 -6.90 1996 - 2017 percent Quarterly
SA, WDA




gdp annual growth rate by Country

Last
China 6.90 Jun/17
India 5.70 Jun/17
Turkey 5.10 Jun/17
Indonesia 5.01 Jun/17
Canada 3.70 Jun/17
Netherlands 3.30 Jun/17
Spain 3.10 Jun/17
South Korea 2.70 Jun/17
Russia 2.50 Jun/17
Euro Area 2.30 Jun/17
United States 2.20 Jun/17
Germany 2.10 Jun/17
Australia 1.80 Jun/17
Mexico 1.80 Jun/17
France 1.70 Jun/17
United Kingdom 1.70 Jun/17
Italy 1.50 Jun/17
Japan 1.40 Jun/17
Brazil 0.30 Jun/17
Switzerland 0.30 Jun/17