Insider Economy Cyprus GDP records growth of 3.4% in Q3

Cyprus GDP records growth of 3.4% in Q3

 

The Cyprus economy grew by 3.4% in the third quarter of this year on an annual basis, data released by the Cyprus Statistical Service show.

According to the official data the GDP growth rate in real terms during the third quarter of 2019 is estimated at 3.4% over the corresponding quarter of 2018.

Based on seasonally and working day adjusted data, GDP growth rate in real terms is estimated at 3.4%, the Statistical Service says.

The increase of the GDP growth rate is mainly attributed to the sectors: “Construction”, “Information and Communication” , “Professional, scientific and technical activities”, “Administrative and support service activities” and “Arts, Entertainment and Recreation”.

On the other hand, a negative growth rate was recorded by the sector “Financial and Insurance Activities”.

(Cyprus News Agency)

Top Stories

91 new cases of COVID-19 on Monday

The Health Ministry announced 91 new COVID-19 cases on 26 October, out of 2,285 laboratory tests, taking confirmed infections to 3,636. The break-down of new...

Bottled water withdrawn from Cyprus market

The Health Ministry is informing consumers that within the framework of the officials tests conducted in the market, the Ministry’s health services have tested...

President: Attack against Macron insults European values

In a written statement, President Anastasiades said that this attack, against the French President from the leader of a country which is candidate for...

Finance Minister: No lockdown forseen in 2021 state budget

Minister of Finance Constantinos Petrides called on MPs to approve the 2021 state budget given the critical moments facing Cyprus due to the coronavirus...

Mitsotakis-Anastasiades have working lunch

Prime Minister Kyriakos Mitsotakis on Monday had a working lunch with Cyprus President Nicos Anastasiades. According to government sources, during the lunch they discussed Turkey's...

Taste

Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...

Mezedes

No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...