Siprus - Pertumbuhan PDB (y-on-y)

The Cyprus economy advanced 3 percent year-on-year in the third quarter of 2019, easing from a downwardly revised 3.1 percent growth in the previous period, preliminary estimates showed. It was the slowest expansion since the third quarter of 2015. Growth was mainly driven by hotels and restaurants; retail and wholesale trade; construction; manufacturing; professional, scientific and technical activities and administrative & support service activities. In contrast, a negative contribution came from financial and insurance activities. On a quarterly basis, the gross domestic product expanded 0.7 percent, the same pace as in the previous three-month period.

The Cyprus economy advanced 3.2 percent year-on-year in the second quarter of 2019, unrevised from the preliminary estimate and unchanged from the revised value in the previous period. Final consumption advanced faster (6.3 percent vs 6.2 percent in Q1), as government consumption increased further (12.9 percent vs 10.9 percent) while household consumption slowed (4.8 percent vs 5.1 percent). Meantime, gross fixed capital formation rose at a softer pace (21.6 percent vs 68.3 percent). Regarding net trade, exports dropped 3.1 percent (from 1.2 percent in Q1) while imports fell 1.1 percent (from 15.8 percent in Q1). On a quarterly basis, the gross domestic product expanded 0.8 percent, higher than a preliminary estimate of 0.7 percent and accelerating from a 0.6 percent gain in the first quarter.

The economy of Cyprus expanded 3.2 percent year-on-year in the second quarter of 2019, following a 3.4 percent advance in the previous period, a preliminary estimate showed. It was weakest expansion since the third quarter of 2015. Positive contributions to growth came from construction, information & communication, professional, scientific & technical activities, administrative & support service activities and arts, entertainment and recreation. On the other hand, financial and insurance activities shrank. On a quarterly basis, the economy grew 0.7 percent, the same pace as in the previous quarter.

The economy of Cyprus expanded 3.4 percent year-on-year in the first quarter of 2019, easing from a 3.8 percent advance in the previous three-month period and slightly below preliminary estimates of 3.5 percent. It was weakest expansion since the last quarter of 2015. Positive contributions to growth came from construction; information and communication; professional, scientific and technical activities; administrative and support service activities and arts, entertainment and recreation. On the other hand, financial and insurance activities shrank. On a quarterly basis, the economy advanced 0.7 percent, following a downwardly revised 0.9 percent growth in Q4.

Gross domestic product of Cyprus expanded 3.5 percent year-on-year in the first quarter of 2019, following a 3.8 percent advance in the previous period, a preliminary estimate showed. Positive contributions to growth came from hotels and restaurant, retail and wholesale trade, construction, manufacturing, professional, scientific and technical activities and administrative and support service activities. On the other hand, financial and insurance activities shrank. On a quarterly basis, the economy grew 0.9 percent, the same pace as in the previous quarter.

Gross domestic product in Cyprus expanded 3.8 percent year-on-year in the fourth quarter of 2018, below earlier estimates of a 3.9 percent advance and the same as in the previous three-month period. Positive contributions to growth came from hotels and restaurant, retail and wholesale trade, construction, manufacturing, professional, scientific and technical activities and administrative and support service activities. On the other hand, financial and insurance activities shrank. On a quarterly basis, the economy grew 1 percent, following an upwardly revised 0.9 percent rise in the third quarter but less than flash estimates of 1.1 percent.