Cyprus’ GDP rose by 4.6% in Q3 2007

Cyprus Gross Domestic Product (GDP) rose by 4.6% in the third quarter of 2007, according to the second estimates released today by Eurostat. The figures surpass earlier Eurostat forecasts released in November for a 4.3% GDP growth.
According to Eurostat, Euro area GDP in the third quarter of 2007, as compared with the corresponding period in 2006, grew by 2.7% in the Euro area and by 3.0% in the EU 27.
On a quarterly basis, the GDP in the Euro area grew by 0.7% and by 0.8% in the EU27. Cyprus’ GDP growth on a quarterly basis was 1.2%.
The biggest GDP growth in relation with the third quarter of 2006 in the Euro area belongs to Slovenia, which recorded a 6.3% GDP growth, followed by the Netherlands with 4.2%.
In the EU 27 the biggest GDP growths were recorded in Lithuania with 11.6%, Latvia with 10.9% and Slovakia with 9.4%.