CYPRUS GROWTH RATE AT 2,8% IN 2016

Cyprus` growth rate in real terms is estimated at 2,8% in 2016, compared to 1,7% in 2015, according to the first estimate of the Statistical Service of Cyprus.

Commercial High street in Nicosia

G.D.P. for the year 2016 is provisionally estimated at €17.901,4 mn at current prices compared to €17.637,2 mn in 2015 and €15.789,9 mn at constant 2005 prices (chain linking method) compared to €15.354,6 mn in 2015.

The per capita gross national income at current prices is estimated at € 20.233,7, a decrease of -2.4% compared with € 20.732,2 at 2015. The per capita gross national income at constant 2005 prices is estimated at € 17,847,1 decreased by 1.1% compared with € 18.049,2 in 2015.

According to the estimated number of employees in national accounts, all employees for 2016 amounted on average to 379.765 compared to 369.710 in the same period last year.


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