Cyprus GDP increases in fourth quarter of 2007

Cyprus Gross Domestic Product (GDP) rose by 4.3% during the fourth quarter of 2007, compared with the same period of the previous year, according to flash estimates published by Eurostat.
A Eurostat press release said GDP grew by 0.4% in the euro area (EA13) and by 0.5% in the EU 27 during the fourth quarter of 2007, compared with the previous quarter.
In the third quarter of 2007, growth rates were +0.8% in both the euro area and the EU27. Compared with the same quarter of the previous year, seasonally adjusted GDP grew by 2.3% in the euro area and by 2.6% in the EU27 in the fourth quarter of 2007, after +2.7% and +3.0% respectively in the previous quarter.
Over the whole year 2007, GDP grew by 2.7% in the euro area and by 2.9% in the EU27.