Cyprus' gross domestic product grew 1.4 percent on quarter in the last three months of 2020, easing from a record 8.9 percent expansion in Q3, in line with preliminary estimates. source: Statistical Service of the Republic of Cyprus
GDP Growth Rate in Cyprus averaged 0.59 percent from 1995 until 2020, reaching an all time high of 8.90 percent in the third quarter of 2020 and a record low of -13.10 percent in the second quarter of 2020. This page provides - Cyprus GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Cyprus GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on May of 2021.
GDP Growth Rate in Cyprus is expected to be 0.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Cyprus to stand at 0.60 in 12 months time. In the long-term, the Cyprus GDP Growth Rate is projected to trend around 0.50 percent in 2022 and 0.60 percent in 2023, according to our econometric models.