Economy grows 2.8% in 2016 as per capita income drops 2.4%

Click For Larger Image & Read More
Economy grows 2.8% in 2016 as per capita income...
 © BusinessMail 2017
By Stelios Orphanides

Cyprus’s economy expanded 2.8 per cent in 2016, after growing 1.7 per cent in 2015, the statistical service said.

The nominal gross domestic product rose 1.5 per cent last year, to €17.9bn, Cystat said in a statement on its website on Thursday.

As the population grew last year, to 853,100 from 847,700 the year before, per capita income dropped 2.4 per cent in 2016, to €20,233.70, after rising 4.5 per cent, to 20,732.20 in 2015, Cystat said.

 

8% in 2016 as per capita income drops 2.4% appeared first on Cyprus Business Mail .


Economy grows 2.8% in 2016 as per capita income drops 2.4%


The contents of this article including any associated images are © BusinessMail 2017

Advertise Here

Trending Cyprus News

Article Tags: economy, grows, capita, income, drops,

 

Advertise Here

24hr News