Announcement by the Cyprus Statistical Service

Written by A. Antoniades on May 15, 2024. Posted in News.

GDP GROWTH RATE: 1st QUARTER 2024 (FLASH ESTIMATE)

Growth Rate 3,5%

The GDP growth rate in real terms during the first quarter of 2024 is positive and it is estimated at 3,5% over the corresponding quarter of 2023. Based on seasonally and working day adjusted data, GDP growth rate in real terms is estimated at 3,3%.

The positive GDP growth rate is mainly attributed to the sectors: “Hotels and Restaurants”, “Wholesale and Retail Trade, Repair of Motor Vehicles”, “Information and Communication”, “Construction”, “Arts, Entertainment and Recreation” and “Other Service Activities”.

View the full announcement here (PDF)