Is Cyprus #1 in GDP growth? What do we make of this?

https://i.redd.it/vsa0chvwvt0d1.png

Posted by staccato7

10 Comments

  1. GDP includes foreign investment… And most foreign companies come here for tax relief// low taxes and send their money back to their home countries. GDP doesn’t tell the whole story 😂

  2. Resident_SlapALot on

    That is a comparison of the first quarter of 2024 to the *last quarter of 2019. Is not the % of GPD growth of this quarter.

    Be more aware when reading diagrams!

  3. just_a_random_guy_11 on

    Go say it to an average 18-30y old living with their parents and being depressed that they can’t rent a single bedroom apartment let alone buy something.

  4. Personal-Wing3320 on

    Over the kast 5 years, we still have roads that can not properly fit all the cars with insane traffic (for our size is inexcusable)

    Hospitals look worse than ever. Schools still use outdated PCs and no AC.

    And bus is still considered the most advance public transportation.

    Renewable energy is still one of the lowest in Europe (again inexcusable)

    Housing is more unattainable than ever.

    But hey, we are number 1 on the charts🤡

  5. Christosconst on

    Its not real economic growth, its inflation and 2 bed apartments selling for over a million to foreigners

  6. skavenslave13 on

    There is something very wrong here. This compared q2 2019 which was bad, to q2 2024 which was good.
    It is truly mean less chart.
    If growth in 2019 was 1%, and growth in 2024 was 3%, this chart will show Cyprus as having 300% growth.

  7. BleachedPumpkin72 on

    Lol, some bogus “study”.

    If anything grew in Kibris faster than anywhere else, they were:

    1) rent in Limassol;

    2) prices in supermakets.