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ECONOMY

Cyprus GDP Growth Estimated At 5.8% For Q2

Cyprus GDP Growth Estimated At 5.8% For Q2

Cyprus’ GDP growth rate in real terms during the second quarter of 2022 is positive and it is estimated at 5.8% over the corresponding quarter of 2021, according to data published by the Statistical Service of Cyprus.

Based on seasonally and working day adjusted data, GDP growth rate in real terms is estimated at 6.1%.

The Statistical Service said that the positive GDP growth rate is mainly attributed to the sectors of "Hotels and Restaurants", "Transport and Storage", "Information and Communication", "Wholesale and Retail Trade, Repair of Motor Vehicles", "Arts, Entertainment and Recreation", "Other Service Activities".

Source: CNA

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