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

The economy of Cyprus advanced 3.3 percent year-on-year in the first quarter of 2017, higher than a 2.9 percent expansion in the previous period and in line with flash estimates. Main contributors to the growth were construction (21 percent from 10.5 percent in Q4 of 2016); manufacturing (5.8 percent from 5.1 percent); mining and water supply; sewerage, waste management, and remediation activities (5.8 percent from 5.1 percent) and real estate activities (3.6 percent from 2.6 percent). On a quarterly basis, GDP advanced 0.6 percent compared to a 0.7 percent growth in the previous period. GDP Annual Growth Rate in Cyprus averaged 2.13 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 Forecast (i)
2017-03-10 10:05 AM Q4 2.9% 2.9% 2.8% 2.8%
2017-05-16 09:05 AM Q1 3.3% 2.9% 3.2%
2017-06-09 09:00 AM Q1 3.3% 2.9% 3.3%
2017-08-14 09:00 AM Q2 3.3% 3.4%
2017-09-08 09:00 AM Q2 3.3% 3.4%
2017-11-14 10:00 AM Q3 3.6%




Cyprus GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.60 0.70 2.50 -2.00 percent [+]
GDP Annual Growth Rate 3.30 2.90 6.50 -6.90 percent [+]
GDP 19.60 23.30 27.80 0.50 USD Billion [+]
GDP Constant Prices 4018.90 3995.20 4242.60 2545.40 EUR Million [+]
Gross National Product 17420.60 16896.00 18054.50 6924.70 EUR Million [+]
Gross Fixed Capital Formation 821.66 879.54 1407.00 -6064.00 EUR Million [+]
GDP per capita 27587.30 26977.63 32651.91 7618.12 USD [+]
GDP per capita PPP 30382.69 29711.26 35960.51 22873.27 USD [+]
GDP From Agriculture 68.10 69.40 117.30 47.40 EUR Million [+]
GDP From Construction 170.60 165.90 403.00 133.50 EUR Million [+]
GDP From Manufacturing 188.30 182.57 260.59 155.12 EUR Million [+]
GDP From Mining 264.70 257.50 341.80 231.60 EUR Million [+]
GDP From Public Administration 353.79 352.93 353.79 161.26 EUR Million [+]
GDP From Services 911.90 907.46 1107.40 602.36 EUR Million [+]


Cyprus GDP Annual Growth Rate Notes

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 June of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
3.30 2.90 6.50 -6.90 1996 - 2017 percent Quarterly
SA, WDA



gdp annual growth rate by Country

Last
China 6.90 Mar/17
India 6.10 Mar/17
Indonesia 5.01 Mar/17
Turkey 5.00 Mar/17
Netherlands 3.20 Mar/17
Spain 3.00 Mar/17
South Korea 2.90 Mar/17
Mexico 2.80 Mar/17
Canada 2.30 Mar/17
United Kingdom 2.00 Mar/17
United States 2.00 Mar/17
Euro Area 1.90 Mar/17
Australia 1.70 Mar/17
Germany 1.70 Mar/17
Japan 1.30 Mar/17
Italy 1.20 Mar/17
France 1.10 Mar/17
Switzerland 1.10 Mar/17
Russia 0.50 Mar/17
Brazil -0.40 Mar/17