Brussels: Seasonally adjusted GDP in Cyprus increased by 0,5% in the last quarter of 2016 compared to the previous quarter and by 2,8% compared to the corresponding quarter of 2015, according to a preliminary estimate published today by Eurostat, the Statistical Office of the European Union.
Meanwhile, the same index increased by 0,4% in the euro area (EA19) and by 0,5% in the EU-28 in the fourth quarter of 2016, compared to the previous quarter. Compared to the corresponding quarter of the previous year, seasonally adjusted GDP increased by 1,7% in the euro area and by 1,9% in the EU of 28 in the fourth quarter of 2016, after + 1,8% and + 1,9 , XNUMX% respectively in the previous quarter.
Throughout 2016, GDP grew by 1,7% in the euro area and by 1,9% in the 28-nation EU, compared with 2,0% and 2,2% respectively in 2015.
Among the Member States for which data are available for the fourth quarter of 2016, Estonia (+ 1,9%), Poland (+ 1,7%) and Lithuania (+ 1,4%) recorded the highest increase compared to the previous quarter, while Greece recorded negative growth (-1,2%) and GDP in Finland remained stable.
Source: philenews