Name: Cyprus GDP Growth Rate
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Cyprus,GDP Growth Rate,data,chart,actual,historical,values,calendar,forecast,graph,2025,2026,2027

The economy of Cyprus grew by 0.2% quarter-on-quarter in Q1 2026, slowing sharply from 1.4% in the previous quarter and marking the weakest pace since Q4 2022. GDP Growth Rate in Cyprus averaged 0.81 percent from 1995 until 2026, reaching an all time high of 7.30 percent in the third quarter of 2020 and a record low of -12.40 percent in the second quarter of 2020. source: Statistical Service of the Republic of Cyprus

The Gross Domestic Product (GDP) in Cyprus expanded 0.20 percent in the first quarter of 2026 over the previous quarter.

The Gross Domestic Product (GDP) in Cyprus expanded 0.20 percent in the first quarter of 2026 over the previous quarter. GDP Growth Rate in Cyprus is expected to be 0.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cyprus GDP Growth Rate is projected to trend around 0.60 percent in 2027 and 0.50 percent in 2028, according to our econometric models.

Related	Last	Previous	Unit	Reference
Full Year GDP Growth	3.80	3.43	percent	Dec 2025
GDP Growth Rate YoY	3.00	4.30	percent	Mar 2026
GDP Constant Prices	7798.10	7761.20	EUR Million	Mar 2026
GDP from Agriculture	83.40	82.41	EUR Million	Mar 2026
GDP from Construction	375.80	384.10	EUR Million	Mar 2026
GDP from Manufacturing	333.00	333.56	EUR Million	Mar 2026
GDP from Mining	457.80	455.93	EUR Million	Mar 2026
GDP from Public Administration	1209.30	1213.30	EUR Million	Mar 2026
GDP from Services	1579.80	1580.90	EUR Million	Mar 2026
GDP Growth Rate	0.20	1.20	percent	Mar 2026
Gross Fixed Capital Formation	1488.20	1566.90	EUR Million	Mar 2026
Gross National Product	32190.26	31016.41	EUR Million	Dec 2025

Cyprus GDP Growth Rate

Services including tourism, financial services, and real estate are considered as the backbone of the Cyprus economy, accounting for nearly 80 percent of GDP. On the expenditure side, household consumption is the main component of GDP and accounts for 70 percent of its total use, followed by government expenditure (16 percent) and gross fixed capital formation (11 percent). Exports of goods and services account for 55 percent of GDP while imports account for 53 percent, adding 2 percent of total GDP.