articles | 10 March 2017

Cyprus' GDP growth registered at 3% for Q4 2016

Cyprus’ GDP growth rate during Q4 2016 was estimated at +3%, the island’s statistical service reported recently.

Based on seasonally and working day adjusted data, GDP growth rate in real terms is estimated at +2.9%, the service added.

The increase of the GDP growth rate is mainly attributed to the sectors of hotels and restaurants, professional, scientific and technical activities, retail and wholesale trade, manufacturing, and construction.

Negative growth rate was recorded in the sector of financial service activities.

Source: Sigma Live

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