Cyprus’ GDP growth rate during the fourth quarter of 2016 was estimated at +3%, the island’s statistical service reported on Friday.
Based on seasonally and working day adjusted data, GDP growth rate in real terms is estimated at +2.9%, the service added.
The increase of the GDP growth rate is mainly attributed to the sectors of hotels and restaurants, professional, scientific and technical activities, retail and wholesale trade, manufacturing, and construction.
Negative growth rate was recorded in the sector of financial service activities.
Source: CNA
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