The economy of Cyprus expanded 3.6 percent year-on-year in the third quarter of 2018, easing from a 3.9 percent rise in the previous period, a preliminary estimative showed. The expansion was mainly driven by stronger performance in hotels and restaurants; retail and wholesale trade; construction; manufacturing; transport and storage; and professional, scientific and technical activities. Contrarily, administrative and support activities contracted from the previous quarter. On a quarterly basis, the GDP advanced 0.7 percent, following a 0.8 percent expansion in the preceding quarter. GDP Annual Growth Rate in Cyprus averaged 2.39 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 -6.70 percent in the second quarter of 2013.

Cyprus GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-14 09:00 AM GDP Growth Rate YoY Flash 3.9% 4.0% 3.8%
2018-09-10 12:30 PM GDP Growth Rate YoY Final 3.9% 4.1% 3.9%
2018-11-14 10:00 AM GDP Growth Rate YoY Flash 3.6% 4% 3.7%
2018-12-07 10:00 AM GDP Growth Rate YoY Final 3.9% 3.6%


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 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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
3.60 4.00 6.60 -6.70 1996 - 2018 percent Quarterly
SA, WDA




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India 8.20 Jun/18
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South Africa 0.40 Jun/18
Japan 0.30 Sep/18
Argentina -4.20 Jun/18


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