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Macroeconomics

GDP growth rate 2019Q4-2020Q3

According to the Flash Estimate compiled by the Statistical Service, the GDP growth rate in real terms during the third quarter of 2020 is positive and it is estimated at -4.1% over the corresponding quarter of 2019. Based on seasonally and working day adjusted data, GDP growth rate in real terms is estimated at -4.4%.

The negative GDP growth rate is mainly attributed to the sectors: "Hotels and Restaurants", "Manufacturing", " Transport, Storage and Communication", "Wholesale and Retail Trade, Repair of Motor Vehicles", "Arts, Entertainment and Recreation", "Other Service Activities"

For more information

https://www.mof.gov.cy/mof/cystat/statistics.nsf/All/B3BA2A0E630C5956C225857C005A35AB?OpenDocument&sub=1&sel=1&e=&print 

 

 

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