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| Additional News in English | Još vesti na Srpskom | Επιπλέον ειδήσεις στα Ελληνικά | ![]() |
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Τhe GDP growth rate in real terms during the fourth quarter of 2009 is estimated at -3,0% over the corresponding quarter of 2008. Based on seasonally and working day adjusted data, GDP growth rate in real terms is estimated at -2,8%. For the whole year 2009, GDP growth rate is estimated at -1,7%.
The contraction of the economy during 2009 is mainly attributed to the very negative growth rates observed in Construction and Tourism as well as to the negative performance of Manufacturing, Trade and Transport activities. On the other hand, the broad Services sector and the Financial Intermediation activities recorded positive growth rates.
Source; Statistical Office of Cyprus
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