« Back to News

Increase of Cyprus’ GDP growth rate

GDP rate in Cyprus, for the first quarter of 2017, has grown by 3.3% as opposed to the same period of 2016.  The GDP growth rate increased is due to the following sectors:  “Hotels and Restaurants”, “Professional, Scientific and Technical Activities”, “Retail and Wholesale Trade”, “Manufacturing”, and “Construction”. Negative growth rate was recorded by the sector “Financial Service Activities”. (Source: CYSTAT)