## Cyprus: Staff Report for the 2004 Article IV Consultation

_IMF Staff Country Reports, March 22, 2005_

## Source details

**Canonical URL:** [Cyprus: Staff Report for the 2004 Article IV Consultation](https://www.imf.org/en/publications/cr/issues/2016/12/31/cyprus-staff-report-for-the-2004-article-iv-consultation-18150)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/31/cyprus-staff-report-for-the-2004-article-iv-consultation-18150/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/31/cyprus-staff-report-for-the-2004-article-iv-consultation-18150/index.json)
- [Bundle manifest](/en/publications/cr/issues/2016/12/31/cyprus-staff-report-for-the-2004-article-iv-consultation-18150/bundle-manifest.json)

## Bibliographic details
- Published: March 22, 2005
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451809855.002

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### Macroeconomic performance and drivers
- Real GDP growth recovered in 2004 to about 3½ percent, following a more modest performance in 2002–03.
- The 2004 growth rebound was mainly driven by an increase in domestic demand.
- Real per capita income has continued to rise, now reaching above 80 percent of the average European Union 25 income level when adjusted for purchasing power.

### Near-term outlook and projection
- Growth is estimated at close to 4 percent in 2005, reflecting an improved external environment.

### Coverage and thematic focus
- Subjects addressed in the report include: Banking; Economic sectors; Financial regulation and supervision; Fiscal consolidation; Fiscal policy; Labor; Public debt; Tourism.
- Keywords associated with the report include: authorities' areas of concern; authority; CR; Cyprus authorities; deficit; deficit target; estimate; Europe; Fiscal consolidation; IMF surveillance purpose; ISCR; Middle East; staff appraisal; staff view; target; Tourism.

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## Content in this bundle

- **_cr05107 — IMF Staff Report Executive Summary and Selected Sections**
  - [_cr05107 — IMF Staff Report Executive Summary and Selected Sections (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2005/_cr05107.pdf.md){rel="alternate" type="text/markdown"}
  - [_cr05107 — IMF Staff Report Executive Summary and Selected Sections (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2005/_cr05107.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/cyprus-staff-report-for-the-2004-article-iv-consultation-18150_