Cyprus Economy Expands 3.0% YoY in Q1

The economy of Cyprus expanded by 3.0% year-on-year in the first quarter of 2025, following a 2.9% rise in the previous period, preliminary estimates showed.

Positive contributions to growth came from wholesale and retail trade, repair of motor vehicles, information and communication, construction, and hotels and restaurants.

On a quarterly basis, the GDP advanced by 1.3% in Q1, following a downwardly revised 0.2% gain in the preceding quarter.