Cyprus GDP growth rate estimated at -0,5% during 4Q of 2011

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Cyprus' GDP growth rate in real terms during the fourth quarter of 2011 is negative and estimated at -0,5% over the corresponding quarter of 2010.

According to the Flash Estimate compiled by the Statistical Service of the government of Cyprus, based on seasonally and working day adjusted data, GDP growth rate in real terms is also estimated at
-0,5%.

Νegative growth rates were recorded by the secondary sector of the economy (Construction, Manufacturing, Electricity), as well as in the sectors of Trade and Transport.

Positive growth rates were presented by the sectors of Tourism, Banking and Services (Public Administration, Education, Health, other services).

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