Announcement by the Cyprus Statistical Service – Annual National Accounts
ANNUAL NATIONAL ACCOUNTS: FIRST ESTIMATE FOR THE YEAR 2024
Growth Rate 3,4%
The growth rate of the economy in 2024 is positive and is estimated at 3,4% in real terms (volume measures). At current prices, the percentage change in Gross Domestic Product (GDP) amounts to 6,6%.
Regarding the production approach for the estimation of GDP in real terms, the positive growth rate is mainly attributed to the sectors: “Hotels and Restaurants”, “Information and communication”, “Construction” and “Wholesale and retail trade; repair of motor vehicles and motorcycles”.
