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Growth of GDP and employment in Cyprus

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8 June 2022 INSIDER • GOAL • IN-CYPRUS • PROPERTY • CYPRUS-IS • CAREER LIKE • GOING OUT • XRYSES SYNTAGES • ACTIVE • PHILGROUP NEWS & nbsp; SOCIETY & nbsp; INSIDER & nbsp; OPINIONS & nbsp; GOING OUT & nbsp; CULTURE & nbsp; SPORTS & nbsp; AUTO & nbsp; GOOD LIFE & nbsp; USEFUL & nbsp; PRINTED EDITION & nbsp;

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Ά & nu; & omicron; & delta; & omicron; & sigmaf; & tau; & omicron; & upsilon; & Alpha; & Pi; & Pi; & alpha; & iota; & tau; & eta; & sigmaf; & alpha; & pi; & alpha; & sigma; & chi; ό & lambda; & eta; & sigma; & eta; & sigmaf; & sigma; & tau; & eta; & nu; & Kappa; ύ & pi; & rho; & omicron;

Ά & nu; & omicron; & delta; & omicron; & sigmaf; & tau; & omicron; & Epsilon; & Pi; & alpha; & iota; & tau; & eta; & sigmaf; & alpha; & pi; & alpha; & sigma; & chi; ό & lambda; & eta; & sigma; & eta; & sigmaf; & sigma; & tau; & eta; & nu; & Kappa; ύ & pi; & rho; & omicron;

ΑΡΧΙΚΗΕΙΔΗΣΕΙΣΠΟΛΙΤΙΚΗΤΟΠΙΚΑΠΑΡΑΣΚΗΝΙΟMEDIAΕΛΛΑΔΑΚΟΣΜΟΣΕΠΙΣΤΗΜΗΠΡΟΕΔΡΙΚΕΣ 2023ΤΕΧΝΟΛΟΓΙΑΣΥΝΕΝΤΕΥΞΕΙΣΧΡΥΣΕΣ ΕΤΑΙΡΕΙΕΣΚΟΙΝΩΝΙΑΕΙΔΗΣΕΙΣΚΥΠΡΟΣ ΤΟΥ ΧΘΕΣΑΝΑΓΝΩΣΤΗ ΕΧΕΙΣ ΛΟΓΟΕΠΙΣΤΟΛΕΣΣΥΝΕΝΤΕΥΞΕΙΣΔΗΜΟΦΙΛΗ ΣΤΟ INTERNETVIDEOSΑΦΙΕΡΩΜΑΤΑADVERTORIALINSIDERΕΠΙΧΕΙΡΗΣΕΙΣΚΥΠΡΟΣBRAND VOICECAPITALFORBESBLOOMBERG OPINIONΠΡΩΤΑΓΩΝΙΣΤΕΣΚΑΥΤΗ ΓΡΑΜΜΗΧΡΥΣΕΣ ΕΤΑΙΡΕΙΕΣΚΑΡΙΕΡΑΑΠΟΨΕΙΣΑΡΘΡΑ ΣΤΟΝ “Φ”ΠΑΡΕΜΒΑΣΕΙΣ ΣΤΟΝ “Φ”ΤΟ ΜΗΝΥΜΑ ΣΟΥ ΣΚΙΤΣΑΟ ΚΟΣΜΟΣ ΤΟΥ TWITTERGOING OUTTHINGS TO DOCINEMAΜΟΥΣΙΚΗΕΣΤΙΑΤΟΡΙΑBAR/CAFETV ΟΔΗΓΟΣΤΗΛΕΟΡΑΣΗΠΟΛΙΤΙΣΜΟΣΚΥΠΡΟΣΚΟΣΜΟΣΚΡΙΤΙΚΕΣΕΚΔΗΛΩΣΕΙΣΠΡΟΣΩΠΑΑΘΛΗΤΙΚΑΠΟΔΟΣΦΑΙΡΟΜΠΑΣΚΕΤΠΑΡΑΣΚΗΝΙΑΕΛΛΑΔΑΔΙΕΘΝΗΑΛΛΑ ΣΠΟΡΑΠΟΨΕΙΣΣΚΙΤΣΟVIDEOSAUTOΝΕΑΠΑΡΟΥΣΙΑΣΗΑΠΟΣΤΟΛΕΣΑΓΩΝΕΣΚΑΛΗ ΖΩΗΥΓΕΙΑΔΙΑΤΡΟΦΗΕΥ ΖΗΝΑΣΤΡΑΧΡΥΣΕΣ ΣΥΝΤΑΓΕΣΣΥΝΤΑΓΕΣ ΣΕΦΒΗΜΑ ΒΗΜΑΧΡΗΣΙΜΑΦΑΡΜΑΚΕΙΑΓΙΑΤΡΟΙΑΕΡΟΔΡΟΜΙΑΛΙΜΑΝΙΑΤΗΛΕΦΩΝΑΟΠΑΠΚΑΙΡΟΣΣΥΝΑΛΛΑΓΜΑΛΑΧΕΙΑAPPSΠΡΟΣΦΟΡΕΣΕΝΤΥΠΗ ΕΚΔΟΣΗ ΠΟΛΙΤΙΚΗΤΟΠΙΚΑΠΑΡΑΣΚΗΝΙΟMEDIAΕΛΛΑΔΑΚΟΣΜΟΣΕΠΙΣΤΗΜΗΠΡΟΕΔΡΙΚΕΣ 2023ΤΕΧΝΟΛΟΓΙΑΣΥΝΕΝΤΕΥΞΕΙΣΧΡΥΣΕΣ ΕΤΑΙΡΕΙΕΣ ΕΙΔΗΣΕΙΣΚΥΠΡΟΣ ΤΟΥ ΧΘΕΣΑΝΑΓΝΩΣΤΗ ΕΧΕΙΣ ΛΟΓΟΕΠΙΣΤΟΛΕΣΣΥΝΕΝΤΕΥΞΕΙΣΔΗΜΟΦΙΛΗΣΤΟ INTERNETVIDEOSΑΦΙΕΡΩΜΑΤΑADVERTORIAL ΕΠΙΧΕΙΡΗΣΕΙΣΚΥΠΡΟΣBRAND VOICECAPITALFORBESBLOOMBERG OPINIONΠΡΩΤΑΓΩΝΙΣΤΕΣΚΑΥΤΗ ΓΡΑΜΜΗΧΡΥΣΕΣ ΕΤΑΙΡΕΙΕΣΚΑΡΙΕΡΑ ΑΡΘΡΑ ΣΤΟΝ “Φ”ΠΑΡΕΜΒΑΣΕΙΣ ΣΤΟΝ “Φ”ΤΟ ΜΗΝΥΜΑ ΣΟΥ ΣΚΙΤΣΑΟ ΚΟΣΜΟΣ ΤΟΥ TWITTER THINGS TO DOCINEMAΜΟΥΣΙΚΗΕΣΤΙΑΤΟΡΙΑBAR/CAFETV ΟΔΗΓΟΣΤΗΛΕΟΡΑΣΗ ΚΥΠΡΟΣΚΟΣΜΟΣΚΡΙΤΙΚΕΣΕΚΔΗΛΩΣΕΙΣΠΡΟΣΩΠΑ ΠΟΔΟΣΦΑΙΡΟΜΠΑΣΚΕΤΠΑΡΑΣΚΗΝΙΑΕΛΛΑΔΑΔΙΕΘΝΗΑΛΛΑ ΣΠΟΡΑΠΟΨΕΙΣΣΚΙΤΣΟVIDEOS ΝΕΑΠΑΡΟΥΣΙΑΣΗΑΠΟΣΤΟΛΕΣΑΓΩΝΕΣ ΥΓΕΙΑΔΙΑΤΡΟΦΗΕΥ ΖΗΝΑΣΤΡΑΧΡΥΣΕΣ ΣΥΝΤΑΓΕΣΣΥΝΤΑΓΕΣ ΣΕΦΒΗΜΑ ΒΗΜΑ ΦΑΡΜΑΚΕΙΑΓΙΑΤΡΟΙΑΕΡΟΔΡΟΜΙΑΛΙΜΑΝΙΑΤΗΛΕΦΩΝΑΟΠΑΠΚΑΙΡΟΣΣΥΝΑΛΛΑΓΜΑΛΑΧΕΙΑAPPSΠΡΟΣΦΟΡΕΣ ΕΠΙΧΕΙΡΗΣΕΙΣ ΚΥΠΡΟΣ BRAND VOICE CAPITAL FORBES BLOOMBERG OPINION ΠΡΩΤΑΓΩΝΙΣΤΕΣ ΚΑΥΤΗ LINE GOLDEN COMPANIES CAREER

Ά & nu; & omicron; & delta; & omicron; & sigmaf; & tau; & omicron; & Epsilon; & Pi; & alpha; & iota; & tau; & eta; & sigmaf; & alpha; & pi; & alpha; & sigma; & chi; ό & lambda; & eta; & sigma; & eta; & sigmaf; & sigma; & tau; & eta; & nu; & Kappa; ύ & pi; & rho; & omicron;

EXCLUSIVE COOPERATION

Ά & nu; & omicron; & delta; & omicron; & omicron; & Alpha; & Epsilon; & Pi; & kappa; & alpha; & iota; & tau; & eta; & sigmaf; & alpha; & pi; & alpha; & alpha; & sigma; & chi; ό & lambda; & eta; & sigma; & eta; & sigmaf; & sigma; & tau; & eta; & nu; & rho; & omicron;

TOGETHER WITH

Ά & nu; & omicron; & delta; & omicron; & sigmaf; & tau; & omicron; & Epsilon; & Pi; & alpha; & iota; & tau; & eta; & sigmaf; & alpha; & pi; & alpha; & sigma; & chi; ό & lambda; & eta; & sigma; & eta; & sigmaf; & sigma; & tau; & eta; & nu; & Kappa; ύ & pi; & rho; & omicron;

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Ά & nu; & omicron; & delta; & omicron; & sigmaf; & tau; & omicron; & upsilon; & Alpha; & E; & alpha; & iota; & tau; & eta; & sigmaf; & alpha; & pi; & alpha; & sigma; & chi; ό & lambda; & eta; & sigma; & eta; & sigmaf; & sigma; & tau; & eta; & nu; & Kappa; ύ & pi; & rho; & omicron;

Ά & nu; & omicron; & delta; & omicron; & sigmaf; & tau; & omicron; & upsilon; & Alpha; & Pi; & Epsilon & Pi; & alpha; & iota; & tau; & eta; & sigmaf; & alpha; & pi; & alpha; & sigma; & chi; ό & lambda; & eta; & sigma; & eta; & sigmaf; & sigma; & tau; & eta; & nu; & Kappa; ύ & pi; & rho; & omicron;

Next Previous Growth of GDP and employment in Cyprus HOME • INSIDER • CYPRUS • Growth of GDP and employment in Cyprus

Ά & nu; & omicron; & delta; & omicron; & sigmaf; & tau; & omicron; & upsilon; & Alpha; & Pi; & Pi; & alpha; & iota; & tau; & eta; & sigmaf; & alpha; & pi; & alpha; & sigma; & chi; ό & lambda; & eta; & sigma; & eta; & sigmaf; & sigma; & tau; & eta; & nu; & Kappa; ύ & pi; & rho; & omicron;

& nbsp & nbspInsider/ΚΥΠΕ & nbsp; & nbsp; The seasonally adjusted GDP and employment in the euro area increased slightly by 0.6% in the first quarter of 2022 compared to the previous quarter, according to estimates published by Eurostat, the statistical office of the European Union. Union.

During the same period in the EU GDP grew by 0.7% and employment by 0.5%, according to the same data.

It is noted & nbsp; that GDP had grown by 0.2% in the euro area and by 0.5% in the EU in the fourth quarter of 2021 compared to the previous quarter.

In comparison, in Cyprus there was an increase of 1% & nbsp; in GDP in the first quarter of 2022 compared to the previous quarter, above the EU and euro area average. In the previous quarter, GDP had grown by 0.9%.

Also in Cyprus there was an increase of 0.6% & nbsp; in employment, above the EU average but below the eurozone average. In the previous quarter, employment had increased by 0.4%.

In the first quarter of 2022 compared to the first quarter of last year, seasonally adjusted GDP grew by 5.4% in the euro area and by 5.6%. % in the EU. In the fourth quarter of 2021 GDP had grown by 4.7% in the euro area and by 4.9% in the EU compared to the fourth quarter of 2020.

Cyprus recorded a 5.6% increase in GDP compared to the first quarter of last year, while in the fourth quarter of 2021 an annual increase of 5.9% was recorded.

The & nbsp; largest increase in GDP compared to in the previous quarter it was recorded in Ireland (10.8%), followed by Romania (5.2%) and Latvia (3.6%).

The only countries in which GDP decline was recorded by Sweden (0.8%), France (0.2%) and Denmark (0.1%) were in the same period.

Eurostat the course of GDP in the United States.

In particular, it is noted that in the fourth quarter of 2022, GDP in the US decreased by 0.4% compared to the previous quarter (after rising by 1.7% in the fourth quarter of 2021), and increased by 3.5 % compared to the same quarter last year (annual growth in the fourth quarter of 2021 was 5.5%).

Overall, GDP volume in the first quarter of 2022 was up 0.8% in the eurozone and 1.5% in the EU compared to levels in the last quarter of 2019, before the coronavirus pandemic. In the US, GDP grew by 2.8% over the same period.

Components of GDP and contribution to growth

According to the data, in the first quarter of 2022 the final Household consumption expenditure decreased by 0.7% in the euro area and by 0.5% in the EU compared to the previous quarter (when it had decreased by 0.3% in both the euro area and the EU).

Final government consumer spending fell by 0.3% in both the euro area and the EU (having increased by 0.4% in the euro area and by 0.5% in the EU in the previous quarter).

Gross Fixed capital formation increased by 0.1% in the euro area and by 0.7% in the EU (having increased by 3.1% and 2.7% respectively in the previous quarter).

Exports increased by 0.4% in the euro area and the EU (after an increase of 2.7% and 2.9% in the previous quarter) and imports decreased by 0.6% in the euro area and by 0.2% in the EU ( after an increase of 4.7% and 4.2% in the previous quarter).

Final consumption expenditure in households contributed negatively to GDP growth in both the euro area and the EU by 0.3 percentage points In both cases. The contribution of government consumer spending was also negative (0.1 percentage points).

The contribution of gross fixed capital formation was negligible for the euro area and positive for the EU (0.0 and 0.1 percentage points). units respectively).

Finally, the contribution of the external balance (0.4 percentage points for the euro area and 0.2 for the EU) and the contribution from changes in inventories (0.6 percentage points for the euro area and 0.7 for the EU) were positive. .

Employment growth in the euro area and the EU

In terms of employment, the number of employees increased by 0.6% in the euro area and by 0.5% in the first quarter of 2022 compared to the previous quarter. In the fourth quarter of 2021, employment increased by 0.4% in both the euro area and the EU.

Compared to the first quarter of 2021, employment increased by 2.9% in the euro area and by 2.8% in the EU compared to last year. The annual growth in the fourth quarter of 2021 was at 2.1% in both zones.

Compared to last year, employment in Cyprus increased by 1.9%, while it had increased on an annual basis by 1 , 6% in the previous quarter.

Total working hours increased by 1.3% in the euro area and by 1.1% in the EU in the first quarter of 2022 compared to the previous quarter, and by 6.9% and 6.1% respectively compared to the first quarter 2021.

Compared to Cyprus, total working hours increased by 0.8% compared to the previous quarter and by 4.6% compared to last year.

The largest increase in employment in the first quarter of 2022 compared to the previous quarter was recorded in Estonia (3.5%), Latvia (2.1%) and Portugal (1.7%).

Employment fell in Poland (0.6%) and Croatia (0.1%).

According to Eurostat estimates & nbsp; 212 million people in the EU, of which 162.9 million in the euro area. Employment increased by 1.6 million in the euro area and by 2.2 million in the EU compared to the last 2019, before the start of the pandemic.

According to Eurostat & nbsp; estimates of labor productivity based on GDP and employment data, productivity was around 1% in the euro area and in the EU between 2013 and 2018 before the pandemic caused upheaval in 2020.

In the first quarter of 2022, productivity on a personal basis increased by 2.5% in the euro area and by 2.7% in the EU in compared to the same quarter last year.

On the basis of working hours, productivity over the same period decreased by 0.9% in the euro area and by 0.1% in the EU.

Source: www.philenews.com

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