articles | 15 November 2017

Cyprus records GDP growth in Q3 2017

In Cyprus, seasonally adjusted GDP rose by 0.9% on a quarterly basis and by 3.9% on an annual basis during the 3rd quarter of 2017, according to a flash estimate published by Eurostat, the statistical office of the European Union.

Meanwhile, seasonally adjusted GDP rose by 0.6% in both the euro area (EA19) and the EU28 during the third quarter of 2017, compared with the previous quarter. In the second quarter of 2017, GDP grew by 0.7% in both EA19 and EU28. 

Compared with the same quarter of the previous year, seasonally adjusted GDP rose by 2.5% in both the euro area and the EU28 in the third quarter of 2017, after +2.3% and +2.4% respectively in the previous quarter.

During the third quarter of 2017, GDP in the United States increased by 0.7% compared with the previous quarter (after +0.8% in the second quarter of 2017).Compared with the same quarter of the previous year, GDP grew by 2.3% (after +2.2% in the previous quarter).

Source: Famagusta Gazette

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