NICOSIA, Nov. 14 (Xinhua) -- Eurostat, the statistics service of the European Union, has revised Cyprus's economic growth upwards to 3.9 percent year-on-year in the third quarter of 2017, a statement said on Tuesday.
The statement also said that the seasonably adjusted Gross Domestic Product (GDP) of the bailed-out island rose by 0.9 percent relative to the previous quarter.
The statement said that the seasonally adjusted GDP in the euro area rose by 0.6 percent in the third quarter.
Finance Minister Harris Georgiades had said earlier that growth in both the second and third quarters of this year was revised upwards to 3.9 percent on an annual basis.
Georgiades said that after the announcement of the new figures, Cyprus ranks second in the European Union in relation to economic growth.
Cyprus was pulled from the brink of bankruptcy in 2013 under a 10-billion-euro economic package assistance by the Eurogroup and the International Monetary Fund.