articles | 12 February 2016

Cypriot economy shows growth 0.4% in Q4 2015

Quarterly real GDP growth slowed to 0.4% in the fourth quarter of 2015 from 0.5% in the third, according to the flash estimate from the Statistical service Cystat.

However, on a year-on-year basis growth accelerated to a seasonable 2.7% in the fourth quarter from 2.3% in the third.

On a non-seasonally adjusted basis the real GDP growth rate reached 2.4% in the fourth quarter, up from 2.3% in the third.

The increase of the GDP growth rates is mainly attributed to the sectors hotels and restaurants, professional, scientific and technical activities, retail and wholesale trade, manufacturing, construction, transport as well as the financial service activities, Cystat said.

Source: InCyprus

Cooperation Partners
  • Logo for CYFA Cyprus
  • Logo for Cyprus International Businesses Association
  • Logo for Invest Cyprus
  • Logo for Association of Cyprus Banks
  • Logo for Cyprus Shipping Chamber
  • Logo for Cyprus Chamber of Commerce and Industry
  • Logo for Ministry of Energy, Commerce, Industry and Tourism
  • Logo for Love Cyprus Deputy Ministry of Tourism
  • Logo for Cyprus Investment Funds Association