Seasonally adjusted GDP rose by 1,6% in Cyprus during the first quarter of 2015, compared to the previous quarter, while in both the euro area and the EU28 GDP rose by 0,4% during the same period, according to Eurostat, the statistical office of the European Union.
In the fourth quarter of 2014, GDP also grew by 0.4% in the euro area and the EU28, while in Cyprus it had dropped – 0,4%. Compared with the same quarter of the previous year, seasonally adjusted GDP rose by 1.0% in the euro area and by 1.5% in the EU28 in the first quarter of 2015 and by 0,2% in Cyprus.
Among Member States for which data are available for the first quarter of 2015, the Czech Republic (+3.1%), Cyprus and Romania (both +1.6%) recorded the highest growth compared with the previous quarter, followed by Poland (+1.0%), Bulgaria and Spain (both +0.9%), Hungary, Slovenia and Slovakia (all +0.8%). Decreases were registered in Lithuania (-0.6%), Estonia (-0.3%), Greece (-0.2%) and Finland (-0.1%).
Record growth in Cyprus during the first quarter of 2015
