GROWTH RATE

The economy growth rate is estimated at 3.7%.

After the correction of GDP regarding the seasonal fluctuations and working days, economy growth rate during the third trimester of 2018 compared to the respective trimester of 2017, is estimated at 3.7%.

According to Cyprus Statistical Service, the increase of growth rate is mainly due to the sectors: ‘Hotels and Restaurants’, ‘Retail and Wholesale Commerce’, ‘Constructions’, ‘Alteration’, ‘Moving and Storage’, ‘Professional, scientific and technical activities’, and ‘Administrative and support activities’.