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.

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

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

Source: Cyprus News Agency