Cyprus' economy, the euro area’s second smallest, expanded by 3% in real terms last year, 0.2 points higher than the forecasted 2.8% announced in March of 2017, the statistical service said.
In nominal terms, last year’s economic output rose an upwards-revised 2.1% to €18.1bn, compared to an initial estimate of 1.5%, Cystat said in a statement on its website on Tuesday.
Cystat also revised the 2015 real growth rate to 2% from a previous 1.7%.
Source: Cyprus Mail
