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

The Cyprus gross domestic product expanded by 3.8 percent year-on-year in the first quarter of 2018 compared to an upwardly revised 4 percent growth in the previous quarter, the 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 a quarterly basis, the economy advanced 0.8 percent, below a downwardly revised 1.1 percent expansion in the previous period. GDP Annual Growth Rate in Cyprus averaged 2.26 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
2018-02-14 10:00 AM GDP Growth Rate YoY Flash 3.9% 4.1% 4%
2018-03-09 10:00 AM GDP Growth Rate YoY Final 3.9% 3.8% 3.9% 3.9%
2018-05-15 09:05 AM GDP Growth Rate YoY Flash 3.8% 4.0% 3.8%
2018-06-08 09:00 AM GDP Growth Rate YoY Final 4.0% 3.8%
2018-08-14 09:00 AM GDP Growth Rate YoY Flash 3.80%
2018-09-07 09:15 AM GDP Growth Rate YoY Final


Cyprus GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.80 1.10 2.40 -2.00 percent [+]
GDP Annual Growth Rate 3.80 4.00 6.60 -6.90 percent [+]
GDP 20.05 19.67 27.84 0.49 USD Billion [+]
GDP Constant Prices 4207.70 4158.30 4240.00 2543.20 EUR Million [+]
Gross National Product 19213.76 18219.11 19213.76 6924.70 EUR Million [+]
Gross Fixed Capital Formation 1416.20 690.09 1416.20 -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 62.30 63.10 117.30 54.40 EUR Million [+]
GDP From Construction 202.40 191.70 410.20 132.60 EUR Million [+]
GDP From Manufacturing 204.67 199.90 260.58 155.32 EUR Million [+]
GDP From Mining 283.30 279.20 341.70 231.00 EUR Million [+]
GDP From Public Administration 370.71 364.18 370.71 161.33 EUR Million [+]
GDP From Services 951.95 941.34 967.10 578.95 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 May of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
3.80 4.00 6.60 -6.90 1996 - 2018 percent Quarterly
SA, WDA




GDP annual growth rate by Country
Country Last
Turkey 7.30 Dec/17
India 7.20 Dec/17
China 6.80 Mar/18
Indonesia 5.06 Mar/18
Canada 2.90 Dec/17
Spain 2.90 Mar/18
United States 2.90 Mar/18
Netherlands 2.80 Mar/18
South Korea 2.80 Mar/18
Euro Area 2.50 Mar/18
Australia 2.40 Dec/17
Germany 2.30 Mar/18
Brazil 2.10 Dec/17
France 2.10 Mar/18
Switzerland 1.90 Dec/17
Italy 1.40 Mar/18
Mexico 1.30 Mar/18
Russia 1.30 Mar/18
United Kingdom 1.20 Mar/18
Japan 0.90 Mar/18


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