Cypriot Economy Grows by 3.2% in Q1 2019

10/06/2019
 
 
The Cypriot economy grew by a rate of 3.2% in the first quarter of 2019, data released by the Cyprus Statistical Service on Friday show.
 
GDP growth rate in real terms during the first quarter of 2019 is positive and estimated at 3.2% over the corresponding quarter of 2018, the Statistical Service says.
 
At the same time, based on seasonally and working day adjusted data, GDP growth rate in real terms is also estimated at 3.4%.

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, negative growth rate was recorded in the sector "Financial and Insurance Activities".

 


LEPTOS ESTATES KEY PROJECTS

View All Projects

Adonis Beach Villas

Adonis Beach Village is Leptos Estates’ latest, most luxurious development, set in one of the most desirable locations in Paphos based on the success of the nearby ...

Coral Seas Villas

Coral Seas Villas is located on the coastline in a generally pristine area within walking distance to the Coral Beach Hotel, a 15 minute drive to the metropolitan city of...

Kamares Village

Leptos Estates has created one of the most exclusive developments in Cyprus that is amongst the most distinctive in the Eastern Mediterranean, Leptos Kamares Village. Thi...

Limassol Del Mar

Limassol Del Mar expresses the island's 'new wave' of architecture through its unique High-rise Curvilinear design, that fully capitalizes on the plot's 1...