Cyprus GDP Annual Growth Rate  1996-2018 | Data | Chart | Calendar

The Cyprus gross domestic product advanced 3.9 percent year-on-year in the second quarter of 2018, easing from a 4 percent expansion in the previous quarter, a preliminary estimate showed. Positive contributions to growth came from hotels & restaurants; retail & wholesale trade; construction; manufacturing; professional, scientific & technical activities and administrative & support service activities. On the other hand, negative growth was recorded from financial & insurance activities. On a quarterly basis, the economy expanded 0.8 percent, below a 1 percent growth in the first quarter, according to preliminary estimates. It was the weakest growth rate since the third quarter of 2016. GDP Annual Growth Rate in Cyprus averaged 2.28 percent from 1996 until 2018, reaching an all time high of 6.60 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
2018-05-15 09:05 AM GDP Growth Rate YoY Flash 3.8% 4.0% 3.8%
2018-06-08 09:10 AM GDP Growth Rate YoY Final 4.0% 4.0% 3.8% 3.8%
2018-08-14 09:00 AM GDP Growth Rate YoY Flash 3.9% 4.0% 3.8%
2018-09-07 09:15 AM GDP Growth Rate YoY Final 4.0% 3.9%
2018-11-14 10:00 AM GDP Growth Rate YoY Flash 3.7%
2018-12-07 10:00 AM GDP Growth Rate YoY Final


Cyprus GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.80 1.00 2.40 -2.00 percent [+]
GDP Annual Growth Rate 3.90 4.00 6.60 -6.90 percent [+]
GDP 21.65 20.15 27.84 0.49 USD Billion [+]
GDP Constant Prices 4249.30 4209.20 4249.30 2544.70 EUR Million [+]
Gross National Product 19213.76 18219.11 19213.76 6924.70 EUR Million [+]
Gross Fixed Capital Formation 448.69 1417.90 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 63.80 62.40 117.30 54.40 EUR Million [+]
GDP From Construction 211.30 205.00 403.20 134.30 EUR Million [+]
GDP From Manufacturing 209.09 204.88 260.53 155.32 EUR Million [+]
GDP From Mining 287.30 283.30 341.60 230.90 EUR Million [+]
GDP From Public Administration 374.36 370.11 374.36 161.34 EUR Million [+]
GDP From Services 967.07 955.37 967.09 578.95 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 August of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
3.90 4.00 6.60 -6.90 1996 - 2018 percent Quarterly
SA, WDA




GDP annual growth rate by Country
Country Last
India 7.70 Mar/18
Turkey 7.40 Mar/18
China 6.70 Jun/18
Indonesia 5.27 Jun/18
Australia 3.10 Mar/18
Netherlands 2.90 Jun/18
South Korea 2.90 Jun/18
United States 2.80 Jun/18
Mexico 2.70 Jun/18
Spain 2.70 Jun/18
Canada 2.30 Mar/18
Euro Area 2.20 Jun/18
Switzerland 2.20 Mar/18
Germany 2.00 Jun/18
Russia 1.80 Jun/18
France 1.70 Jun/18
United Kingdom 1.30 Jun/18
Brazil 1.20 Mar/18
Italy 1.10 Jun/18
Japan 1.00 Jun/18


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