Friday, March 10, 2006

Cyprus Economy: GDP growth of 3.8% in 2005

Figures released today show real GDP growth in Cyprus reached 3.8% in 2005

Indicative growth rates for 2005 were:

· building permits, up by 13.3%

· financial intermediation services up 9.3%

· tourists arrivals up 5.2%

· tourist revenue up 2.4%

· total imports up 8.9%

· total exports up 22.6%

· volume of manufacturing down 1.3%

· electricity output up 3.9%

· wholesale turnover value up 4.7%

· vehicle sales by value up 0.3%

· retail sales volume up 4.6%

InvestinCyprus.com