News Local Productivity increases in Cyprus in 2017

Productivity increases in Cyprus in 2017

Productivity in Cyprus rose in 2017 according to preliminary data published by the Cyprus Productivity Centre (CPC).

According to the CPC, productivity measured as GDP per employee rose by 0,5% in 2017 compared with 2016, while productivity measured as GDP per working hour increased by 0.6% compared with 2016.

The rise in labour productivity is mainly due to the GDP increase by 3.9%, employment increase by 3.4% and the numbers of employees by 3,4% and working hours by 3.3%, the CPC said.

For the period of 2015-2017 labour productivity in Cyprus rose by 0.4% measured as GDP per employee and by 0.5% measured as GDP per working hour.

Cypriot secondary sector marked the highest increase with 7.0%, due to a 12.9% rise in Gross Value Added per working hour and an increase of 5.5% in total working hours.

(CNA)

Top Stories

WHO reports record daily increase in global coronavirus cases

The World Health Organization reported a record increase in global coronavirus cases on Sunday, with the total rising by 230,370 in 24 hours. The biggest...

Seven new Covid-19 cases on Sunday

  Seven people have tested positive for coronavirus after 1176 tests, the Health Ministry said on Sunday. Five of the new cases were detected from 301...

Nicosia: Biker in critical condition after collision

  A 19 year old biker is in critical condition in hospital after his bike was involved in a collision with a car on Nicosia's...

Yellow alert for third day in a row

  The heat wave is set to continue tomorrow, with the Met Office issuing yet another extreme high temperature warning -- the third in a...

Any prospects for resumption of Cyprus talks would require termination of Turkish provocations

    Any prospects for the resumption of UN-led talks for a settlement to the Cyprus problem would require the termination of the Turkish provocative violations...

Taste

Kolokasi (Taro Root)

Ingredients: (Serves 4) 1 kg kolokasi (taro) root ½ kg pork (lean belly pork or shoulder) cut into large cubes 6 tbsp olive oil 1 head of fresh celery,...

Moungra

Moungra is a traditional Cypriot mezze which consists in cauliflower pickled in fermented bread dough and typically served as an appetizer or meze. It...

Cheesy Eggplant Rolls

Ingredients 4 Eggplants 2 tbsp olive oil 1 chopped onion, 2 grated carrots 1 garlic clove (sliced) ¾ of the cup finely chopped canned tomato, ½ ts sugar 1 ts oregano 2 tbsp...

Black eyed peas with chard (Louvia me laxana)

Ingredients: 2 cups black eyed peas small lemon (juice) + 1 tsp lemon zest 1 bunch Cypriot chards olive oil & lemon for serving salt & pepper Method: Step 1 Put the...