Cyprus GDP Expands Most in 3 Years

2026-03-02 10:31 By Kyrie Dichosa 1 min. read

The economy of Cyprus expanded 4.5% year-on-year in the fourth quarter of 2025, up from 3.6% in the previous period, confirming preliminary estimates.

This marks the strongest economic expansion since Q4 2022, mainly driven by wholesale and retail trade, repair of motor vehicles, information and communication, and hotels and restaurants (+7.2%).

Construction also recorded strong growth, rising 9.2%, while manufacturing increased by 4.7%.

On the expenditure side, final consumption expenditure rose by 4.0%, supported by a 6.4% increase in government spending, while household consumption grew by 3.3%.

Net trade also contributed positively, as exports of goods and services increased by 4.4%, while imports rose by 2.7%.

Meanwhile, fixed investments declined by 15.2%.

On a quarterly basis, GDP grew by 1.4%, the fastest pace since Q1 2024, accelerating from 0.9% in Q3.

For the whole year, GDP expanded by 3.8%.



News Stream
Cyprus GDP Expands Most in 3 Years
The economy of Cyprus expanded 4.5% year-on-year in the fourth quarter of 2025, up from 3.6% in the previous period, confirming preliminary estimates. This marks the strongest economic expansion since Q4 2022, mainly driven by wholesale and retail trade, repair of motor vehicles, information and communication, and hotels and restaurants (+7.2%). Construction also recorded strong growth, rising 9.2%, while manufacturing increased by 4.7%. On the expenditure side, final consumption expenditure rose by 4.0%, supported by a 6.4% increase in government spending, while household consumption grew by 3.3%. Net trade also contributed positively, as exports of goods and services increased by 4.4%, while imports rose by 2.7%. Meanwhile, fixed investments declined by 15.2%. On a quarterly basis, GDP grew by 1.4%, the fastest pace since Q1 2024, accelerating from 0.9% in Q3. For the whole year, GDP expanded by 3.8%.
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The economy of Cyprus expanded 4.5% year-on-year in the final quarter of 2025, accelerating from a 3.6% growth in the third quarter, flash estimates showed. This was the strongest expansion since the fourth quarter of 2022, supported by solid performance in wholesale and retail trade, repair of motor vehicles, information and communication, and hotels and restaurants. On a quarterly basis, GDP rose by 1.4% in the fourth quarter, the highest growth since the first quarter of 2024, following a 0.9% increase in the previous period.
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The Cyprus economy expanded by 3.6% year-on-year in the third quarter of 2025, confirming flash estimates and the same pace as in the previous three-month period. On the production side, positive contributions came from several sectors, including agriculture, forestry, and fishing (0.8% vs 0.6% in Q2), manufacturing (2.4% vs 1.7%), wholesale and retail trade (6.5% vs 6%), and information and communications (8.4% vs 6.2%). On the expenditure side, growth accelerated for household consumption (5.4% vs 2.8%), while it slowed sharply for government spending (2.5% vs 12.1%). Additionally, gross fixed capital formation declined (-2.6% vs 17.7%) and net trade contributed negatively, as exports rose (6.7% vs 5.5%) less than imports (8% vs 6.8%). On a quarterly basis, the GDP advanced by 0.9% in Q3, following a 0.7% growth in the preceding period.
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