Insider Business Cyprus' GDP grows by +0.8% and +3,8% in quarterly and annual basis...

Cyprus’ GDP grows by +0.8% and +3,8% in quarterly and annual basis in Q1 2018

Seasonally adjusted GDP rose by 0.4% in both the euro area (EA19) and the EU28 during the first quarter of 2018, and by 0.8% in Cyprus compared with the previous quarter, according to a flash estimate published by Eurostat, the statistical office of the European Union.

In the fourth quarter of 2017, GDP had grown by 0.7% in the euro area, by 0.6% in the EU28 and by 1.1% in Cyprus.

Compared with the same quarter of the previous year, seasonally adjusted GDP rose by 2.5% in the euro area, by 2.4% in the EU28 and by 3.8% in Cyprus in the first quarter of 2018, after +2.8%, +2.7% and 4.0% respectively in the previous quarter.

During the first quarter of 2018, GDP in the United States increased by 0.6% compared with the previous quarter (after +0.7% in the fourth quarter of 2017). Compared with the same quarter of the previous year, GDP grew by 2.9% (after +2.6% in the previous quarter).

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https://in-cyprus.com/news/business/regional-unemployment-rates-continue-to-vary-widely-in-eu-regions-eurostat-says/

Source: CNA

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