Cyprus recorded a positive GDP growth during the second quarter of 2022, according to a Flash Estimate announced on Wednesday by the Statistical Service of the Republic of Cyprus.
It is noted that the GDP growth rate in real terms is estimated during the second quarter of 2022 at 5.8% over the corresponding quarter of 2021. Also, based on seasonally adjusted data and working-day adjustments, the GDP is estimated to have grown in real terms by 6.1%.
According to the Statistical Service, the positive GDP growth rate is mainly attributed to the sectors of “Hotels and Restaurants”, “Transport and Storage”, “Information and Communication”, “Wholesale and Retail Trade, Repair of Motor Vehicles”, “Arts, Entertainment and Recreation” and “Other Service Activities”.
Source: Cyprus News Agency