Cyprus Real GDP Growth
Key information about Cyprus Real GDP Growth
- The Gross Domestic Product (GDP) in Cyprus expanded 3.4 % YoY in Mar 2023, following a growth of 4.4 % in the previous quarter.
- Real GDP Growth YoY data in Cyprus is updated quarterly, available from Mar 1996 to Mar 2023, with an average rate of 4.4 %.
- The data reached an all-time high of 12.8 % in Jun 2021 and a record low of -10.8 % in Jun 2020.
Related information about Cyprus Real GDP Growth
- In the latest reports, Nominal GDP of Cyprus reached 7.6 USD bn in Mar 2023.
- Its GDP deflator (implicit price deflator) increased 5.5 % in Mar 2023.
- GDP Per Capita in Cyprus reached 31,115.0 USD in Dec 2022.
- Its Gross Savings Rate was measured at 20.2 % in Mar 2023.
- For Nominal GDP contributions, Investment accounted for 35.9 % in Mar 2023.
- Public Consumption accounted for 18.5 % in Mar 2023.
- Private Consumption accounted for 61.3 % in Mar 2023.
View Cyprus's Real GDP Growth from Mar 1996 to Mar 2023 in the chart:
What was Cyprus's Real GDP Growth in Mar 2023?
The Gross Domestic Product (GDP) in Cyprus expanded 3.4 % YoY in Mar 2023, following a growth of 4.4 % in the previous quarter. See the table below for more data.
Last | Previous | Min | Max | Unit | Frequency | Range |
---|---|---|---|---|---|---|
3.4 Mar 2023 | 4.4 Dec 2022 | -10.8 Jun 2020 | 12.8 Jun 2021 | % | quarterly | Mar 1996 - Mar 2023 |
Real GDP Growth by Country Comparison
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country/region | Last | Frequency | Range |
---|---|---|---|
Albania (%) | 4.7 Dec 2022 | quarterly | Mar 2010 - Dec 2022 |
Algeria (%) | 3.4 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
Argentina (%) | 1.2 Mar 2023 | quarterly | Mar 2005 - Mar 2023 |
Armenia (%) | 12.1 Mar 2023 | quarterly | Mar 2001 - Mar 2023 |
Australia (%) | 2.7 Dec 2022 | quarterly | Sep 1960 - Dec 2022 |
Austria (%) | 1.8 Mar 2023 | quarterly | Mar 1989 - Mar 2023 |
Azerbaijan (%) | 1.1 Dec 2023 | quarterly | Mar 2001 - Dec 2023 |
Bahrain (%) | 3.9 Dec 2023 | quarterly | Mar 2009 - Dec 2023 |
Bangladesh (%) | 7.1 2022 | yearly | 2007 - 2022 |
Belarus (%) | -2.0 Mar 2023 | quarterly | Mar 2006 - Mar 2023 |
Belgium (%) | 1.9 Sep 2022 | quarterly | Mar 1996 - Sep 2022 |
Bolivia (%) | 4.3 Jun 2022 | quarterly | Mar 1991 - Jun 2022 |
Bosnia and Herzegovina (%) | 2.6 Sep 2022 | quarterly | Mar 2009 - Sep 2022 |
Botswana (%) | 6.3 Sep 2022 | quarterly | Mar 1995 - Sep 2022 |
Brazil (%) | 3.4 Mar 2023 | quarterly | Mar 1997 - Mar 2023 |
Brunei (%) | 0.9 Sep 2022 | quarterly | Mar 2005 - Sep 2022 |
Bulgaria (%) | 2.3 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
Cambodia (%) | 5.3 2022 | yearly | 1994 - 2022 |
Canada (%) | 2.1 Dec 2022 | quarterly | Mar 1962 - Dec 2022 |
Chile (%) | -0.1 Sep 2022 | quarterly | Mar 1987 - Sep 2022 |
China (%) | 4.5 Mar 2023 | quarterly | Mar 1992 - Mar 2023 |
Colombia (%) | 2.9 Dec 2022 | quarterly | Mar 2001 - Dec 2022 |
Croatia (%) | 4.0 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
Cyprus (%) | 3.4 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
Czech Republic (%) | 0.2 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
Denmark (%) | 1.5 Dec 2022 | quarterly | Mar 1992 - Dec 2022 |
Ecuador (%) | 3.2 Sep 2022 | quarterly | Mar 1994 - Sep 2022 |
Egypt (%) | 4.4 Sep 2022 | quarterly | Sep 2002 - Sep 2022 |
Estonia (%) | -4.4 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
European Union (%) | 1.3 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
Finland (%) | -0.3 Mar 2023 | quarterly | Mar 1976 - Mar 2023 |
France (%) | 0.9 Mar 2023 | quarterly | Mar 1950 - Mar 2023 |
Georgia (%) | 9.7 Dec 2022 | quarterly | Mar 1998 - Dec 2022 |
Germany (%) | -0.5 Mar 2023 | quarterly | Mar 1992 - Mar 2023 |
Ghana (%) | 0.5 Sep 2023 | quarterly | Jun 2006 - Sep 2023 |
Greece (%) | 5.2 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
Hong Kong SAR, China (%) | 2.8 Mar 2023 | quarterly | Mar 1991 - Mar 2023 |
Hungary (%) | 0.8 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
Iceland (%) | 6.1 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
India (%) | 4.4 Dec 2022 | quarterly | Jun 2005 - Dec 2022 |
Indonesia (%) | 5.0 Dec 2022 | quarterly | Mar 1994 - Dec 2022 |
Iran (%) | 5.0 Mar 2022 | quarterly | Jun 1989 - Mar 2022 |
Ireland (%) | -0.3 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
Israel (%) | 2.5 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
Italy (%) | 1.4 Dec 2022 | quarterly | Mar 1982 - Dec 2022 |
Ivory Coast (%) | 6.8 2022 | yearly | 1966 - 2022 |
Japan (%) | 0.4 Dec 2022 | quarterly | Mar 1956 - Dec 2022 |
Jordan (%) | 2.8 Mar 2023 | quarterly | Mar 1993 - Mar 2023 |
Kazakhstan (%) | 3.4 Mar 2023 | quarterly | Mar 2006 - Mar 2023 |
Kenya (%) | 5.2 Sep 2022 | quarterly | Mar 2010 - Sep 2022 |
South Korea (%) | 1.3 Dec 2022 | quarterly | Mar 1961 - Dec 2022 |
Kosovo (%) | 4.0 Dec 2023 | quarterly | Mar 2011 - Dec 2023 |
Kuwait (%) | 0.3 Sep 2023 | quarterly | Jun 2010 - Sep 2023 |
Kyrgyzstan (%) | 7.0 Dec 2022 | quarterly | Mar 2007 - Dec 2022 |
Laos (%) | 3.5 2021 | yearly | 2003 - 2021 |
Latvia (%) | 0.4 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
Lebanon (%) | -25.9 2020 | yearly | 2005 - 2020 |
Lithuania (%) | -0.4 Dec 2022 | quarterly | Jun 1995 - Dec 2022 |
Luxembourg (%) | -2.2 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
Macau SAR, China (%) | -23.4 Dec 2022 | quarterly | Mar 2002 - Dec 2022 |
North Macedonia (%) | 0.6 Dec 2022 | quarterly | Mar 2001 - Dec 2022 |
Malawi (%) | 4.0 2018 | yearly | 2003 - 2018 |
Malaysia (%) | 7.0 Dec 2022 | quarterly | Mar 2001 - Dec 2022 |
Malta (%) | 4.3 Dec 2023 | quarterly | Mar 2001 - Dec 2023 |
Mauritius (%) | 7.4 Sep 2022 | quarterly | Mar 2001 - Sep 2022 |
Mexico (%) | 3.7 Dec 2022 | quarterly | Mar 1981 - Dec 2022 |
Moldova (%) | -10.3 Sep 2022 | quarterly | Mar 1996 - Sep 2022 |
Mongolia (%) | 7.7 Dec 2022 | quarterly | Mar 2011 - Dec 2022 |
Montenegro (%) | 4.3 Dec 2023 | quarterly | Mar 2011 - Dec 2023 |
Morocco (%) | 0.5 Dec 2022 | quarterly | Mar 2008 - Dec 2022 |
Mozambique (%) | 2.0 Dec 2018 | quarterly | Jun 2007 - Dec 2018 |
Myanmar (%) | 3.5 2022 | yearly | 2011 - 2022 |
Nepal (%) | 0.7 Dec 2023 | quarterly | Dec 2004 - Dec 2023 |
Netherlands (%) | 2.1 Mar 2023 | quarterly | Mar 1997 - Mar 2023 |
New Zealand (%) | 1.8 Mar 2023 | quarterly | Jun 1983 - Mar 2023 |
Nigeria (%) | 2.3 Mar 2023 | quarterly | Mar 2011 - Mar 2023 |
Norway (%) | 1.8 Dec 2022 | quarterly | Mar 1979 - Dec 2022 |
Oman (%) | 3.1 2021 | yearly | 1999 - 2021 |
Pakistan (%) | 1.7 2023 | yearly | 2001 - 2023 |
Palestinian Territory (%) | -29.3 Dec 2023 | quarterly | Jun 2000 - Dec 2023 |
Panama (%) | 9.5 Sep 2022 | quarterly | Mar 2008 - Sep 2022 |
Paraguay (%) | 5.2 Mar 2023 | quarterly | Mar 1995 - Mar 2023 |
Peru (%) | -0.4 Mar 2023 | quarterly | Mar 1981 - Mar 2023 |
Philippines (%) | 7.1 Dec 2022 | quarterly | Mar 1999 - Dec 2022 |
Poland (%) | 0.4 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
Portugal (%) | 1.8 Jun 2019 | quarterly | Mar 1996 - Jun 2019 |
Qatar (%) | 1.0 Jun 2023 | quarterly | Mar 2012 - Jun 2023 |
Romania (%) | 2.9 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
Russia (%) | -2.6 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
Saudi Arabia (%) | -3.7 Dec 2023 | quarterly | Mar 2011 - Dec 2023 |
Serbia (%) | 4.5 Sep 2019 | quarterly | Mar 1997 - Sep 2019 |
Singapore (%) | 0.4 Mar 2023 | quarterly | Mar 1976 - Mar 2023 |
Slovakia (%) | 1.2 Dec 2022 | quarterly | Mar 1994 - Dec 2022 |
Slovenia (%) | 2.6 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
South Africa (%) | 1.3 Dec 2022 | quarterly | Mar 1961 - Dec 2022 |
Spain (%) | 2.7 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
Sri Lanka (%) | -12.4 Dec 2022 | quarterly | Mar 2011 - Dec 2022 |
Sudan (%) | -1.9 2021 | yearly | 1983 - 2021 |
Sweden (%) | -0.1 Dec 2022 | quarterly | Mar 1982 - Dec 2022 |
Switzerland (%) | 0.7 Mar 2023 | quarterly | Mar 1966 - Mar 2023 |
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Foreign Trade | Last | Frequency | Range |
---|---|---|---|
Forecast: Exports of Goods Growth (%) | 2.500 2028 | yearly | 2001 - 2028 |
Trade Balance (USD mn) | -617.5 Jan 2024 | monthly | Jan 1957 - Jan 2024 |
Total Exports (USD mn) | 306.9 Jan 2024 | monthly | Jan 2000 - Jan 2024 |
Total Exports Growth (%) | -10.7 Jan 2024 | monthly | Jan 2001 - Jan 2024 |
Aluminum: Exports (USD th) | 6,478.826 2022 | yearly | 1995 - 2022 |
Exports: Medicament (USD th) | 392,658.586 2022 | yearly | 1995 - 2022 |
Exports: Medicinal and Pharmaceutical Product (USD th) | 5,615.719 2022 | yearly | 1995 - 2022 |
Total Imports (USD mn) | 924.3 Jan 2024 | monthly | Jan 2000 - Jan 2024 |
Total Imports Growth (%) | -51.1 Jan 2024 | monthly | Jan 2001 - Jan 2024 |
Imports: Medicament (USD th) | 374,947.813 2022 | yearly | 1995 - 2022 |
Imports: Medicinal and Pharmaceutical Product (USD th) | 95,568.267 2022 | yearly | 1995 - 2022 |
Total Exports to USA (USD mn) | 5.794 Dec 2023 | monthly | Nov 1969 - Dec 2023 |
Total Imports from USA (USD mn) | 9.771 Jan 2024 | monthly | Apr 1964 - Jan 2024 |
Total Exports to China (USD mn) | 1.139 Dec 2023 | monthly | Nov 1999 - Dec 2023 |
Total Imports from China (USD mn) | 42.308 Dec 2023 | monthly | Sep 1974 - Dec 2023 |
Imports (EUR th) | 848,084.000 Jan 2024 | monthly | Jan 2000 - Jan 2024 |
Exports (EUR th) | 281,549.000 Jan 2024 | monthly | Jan 2000 - Jan 2024 |
Exports: HS: Optical, Photographic, Musical, Medical and Precision Instruments, ... (EUR th) | 4,503.000 Jan 2024 | monthly | May 2003 - Jan 2024 |
Exports: HS: Machinery and Equipment, Parts and Accessories (EUR th) | 23,721.000 Jan 2024 | monthly | May 2003 - Jan 2024 |
Exports: HS: Base Metals and Base Metals Products (EUR th) | 9,002.000 Jan 2024 | monthly | May 2003 - Jan 2024 |
Exports: HS: Chemicals and Chemical Products (EUR th) | 50,102.000 Jan 2024 | monthly | May 2003 - Jan 2024 |
Exports: HS: Mineral Products (EUR th) | 69,317.000 Jan 2024 | monthly | May 2003 - Jan 2024 |
Exports: Re-Export (EUR mn) | 2,530.000 2022 | yearly | 1985 - 2022 |
Exports: EU: United Kingdom (EUR th) | 17,404.000 Dec 2023 | monthly | May 2003 - Dec 2023 |
Exports: Middle East: Lebanon (EUR th) | 41,413.000 Dec 2023 | monthly | May 2003 - Dec 2023 |
Exports: EU: Greece (EUR th) | 21,694.000 Dec 2023 | monthly | May 2003 - Dec 2023 |
Exports: North America: United States (EUR th) | 4,727.000 Jan 2024 | monthly | May 2003 - Jan 2024 |
Imports: HS: Food, Beverages and Tobacco (EUR th) | 80,515.000 Jan 2024 | monthly | May 2003 - Jan 2024 |
Imports: HS: Transport Equipment, Vehicles, Aircraft, Vessels (EUR th) | 132,390.000 Jan 2024 | monthly | May 2003 - Jan 2024 |
Imports: HS: Machinery and Equipment, Parts and Accessories (EUR th) | 99,660.000 Jan 2024 | monthly | May 2003 - Jan 2024 |
Imports: HS: Base Metals and Base Metals Products (EUR th) | 35,624.000 Jan 2024 | monthly | May 2003 - Jan 2024 |
Imports: HS: Mineral Products (EUR th) | 201,953.000 Jan 2024 | monthly | May 2003 - Jan 2024 |
Imports: EU: Italy (EUR th) | 51,071.000 Jan 2024 | monthly | May 2003 - Jan 2024 |
Imports: EU: Greece (EUR th) | 217,410.000 Jan 2024 | monthly | May 2003 - Jan 2024 |
Imports: EU: Germany (EUR th) | 52,981.000 Jan 2024 | monthly | May 2003 - Jan 2024 |
Monetary | Last | Frequency | Range |
---|---|---|---|
Non Performing Loans Ratio (%) | 7.9 Dec 2023 | monthly | Dec 2014 - Dec 2023 |
Household Debt: % of GDP (%) | 88.2 2022 | yearly | 1995 - 2022 |
Non-Performing Loans (USD mn) | 2,094.289 Dec 2023 | monthly | Dec 2014 - Dec 2023 |
M2 Growth (%) | -5.2 2014 | yearly | 2006 - 2014 |
Reserve Requirement Ratio (%) | 1.0 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
Foreign Exchange Reserves (USD mn) | 236.6 Apr 2024 | monthly | Jan 2002 - Apr 2024 |
Foreign Exchange Reserves: % of GDP (%) | 0.553 Dec 2023 | quarterly | Mar 2002 - Dec 2023 |
Foreign Exchange Reserves: Months of Import (NA) | 0.2 Jan 2024 | monthly | Jan 2002 - Jan 2024 |
Gold Reserves (USD mn) | 1,029.226 Apr 2024 | monthly | Mar 1968 - Apr 2024 |
Total Deposits (USD mn) | 56,168.779 Feb 2024 | monthly | Nov 2005 - Feb 2024 |
Total Deposits Growth (%) | 0.1 Feb 2024 | monthly | Nov 2006 - Feb 2024 |
Domestic Credit (USD mn) | 22,411.7 Mar 2024 | monthly | Nov 2005 - Mar 2024 |
Domestic Credit Growth (%) | -6.1 Jan 2024 | monthly | Nov 2006 - Jan 2024 |
Household Debt (USD mn) | 26,203.9 2022 | yearly | 1995 - 2022 |
Total Loans (USD mn) | 27,055.506 Feb 2024 | monthly | Nov 2005 - Feb 2024 |
Total Loans Growth (%) | -0.27 Feb 2024 | monthly | Nov 2006 - Feb 2024 |
Private Debt: % of Nominal GDP (%) | 65.69 Dec 2023 | quarterly | Dec 2005 - Dec 2023 |
Reserve Assets (EUR mn) | 1,817.211 Apr 2024 | monthly | Jan 2013 - Apr 2024 |
Reserve Assets: Foreign Exchange (EUR mn) | 221.452 Apr 2024 | monthly | Jan 2013 - Apr 2024 |
Reserve Assets: Monetary Gold (EUR mn) | 963.334 Apr 2024 | monthly | Jan 2013 - Apr 2024 |
MFIs Deposits: Non MFIs: Domestic Residents: Others: Non Financial Corporations (EUR mn) | 10,428.680 Mar 2024 | monthly | Nov 2005 - Mar 2024 |
MFIs Deposits: Non MFIs: Domestic Residents: Others: Households (EUR mn) | 27,735.015 Mar 2024 | monthly | Nov 2005 - Mar 2024 |
Non Performing Loans to Total Loans: Basel III (%) | 7.863 Dec 2023 | monthly | Dec 2014 - Dec 2023 |
Business and Economic Survey | Last | Frequency | Range |
---|---|---|---|
Business Confidence Growth (% Point) | -5.7 Apr 2024 | monthly | May 2003 - Apr 2024 |
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