Cyprus Output Gap, Percent of Potential GDP Statistics

23, Apr 2019, EDT.

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Country or Region: Cyprus › Change country
Economic Indicator: Output Gap, Percent of Potential GDP › See all Cyprus indicators, › See Output Gap, Percent of Potential GDP data for all countries
Detailed Analysis for Year: 2015 › Change year
Full Dataset: from 1980 to 2019
Dataset updated: 17th March 2015
Data Source: International Monetary Fund (IMF)
National or Regional Currency: Euro
Currency Symbol: EUR

Output gaps for advanced economies are calculated as actual GDP less potential GDP as a percent of potential GDP. Estimates of output gaps are subject to a significant margin of uncertainty. See notes for: Gross domestic product, constant prices (National currency).

Output Gap, Percent of Potential GDP Statistics for Cyprus , Year 2015 - In Detail

Output Gap, Percent of Potential GDP for Cyprus in year 2015 is -2.8 %. Output gaps for advanced economies are calculated as actual GDP less potential GDP as a percent of potential GDP. Estimates of output gaps are subject to a significant margin of uncertainty.

This makes Cyprus No. 21 in world rankings according to Output Gap, Percent of Potential GDP in year 2015. The world's average Output Gap, Percent of Potential GDP value is -0.23 %; Cyprus is 2.57 less than the average.

In the previous year, 2014, Output Gap, Percent of Potential GDP for Cyprus was -3.40 % Output Gap, Percent of Potential GDP for Cyprus in 2015 was or will be 17.65% less than it was or will be in 2014.

In the following or forecasted year, 2016, Output Gap, Percent of Potential GDP for Cyprus was or will be -1.80 %, which is 35.71% less than the 2015 figure.

* Source: IMF
Output Gap, Percent of Potential GDP for Cyprus, in other Years
Year %
  2021 n/a
  2020 n/a
  2019 n/a
  2018 n/a
  2017 -0.86
  2016 -1.8
2015 -2.8
  2014 -3.4
  2013 -3.3
  2012 -3.3
  2011 -2.413
  2010 -1.173
  2009 -0.848
  2008 2.759
  2007 1.611
  2006 -0.268
  2005 -0.8
  2004 -0.955
  2003 -1.561
  2002 -0.057
  2001 1.228
  2000 0.911
  1999 -0.064
  1998 -0.68
  1997 -1.391
  1996 0.459
  1995 3.109
  1994 -1.616
  1993 -2.427
  1992 1.828
  1991 -1.954
  1990 2.68
  1989 1.229
  1988 -0.503
  1987 -2.253
  1986 -2.953
  1985 -0.472
  1984 0.892
  1983 -1.538
  1982 -0.708
  1981 -0.779
  1980 2.349