GDP growth rate at 5.5% for Q3, 2022, according to CyStat flash estimate

GDP growth rate in real terms during the third quarter of 2022 is positive and it is estimated at 5.5% over the corresponding quarter of 2021, according to a flash estimate of the Cyprus Statistical Service (CyStat), on Tuesday.

Based on seasonally and working day adjusted data, GDP growth rate in real terms is estimated at 5.4%.

According to the Statistical Service, the positive GDP growth rate is mainly attributed to the sectors “Hotels and Restaurants”, ” Transport and Storage”, “Information and Communication”, “Wholesale and Retail Trade, Repair of Motor Vehicles”, “Arts, Entertainment and Recreation”, “Other Service Activities”.

Source: Cyprus News Agency