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Category: CyStat Announcement

Announcement by the Cyprus Statistical Service – Annual National Accounts

Written by A. Antoniades on . Posted in CyStat Announcement, News.

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”.

Read the full announcement here (Graphs & Tables)

Announcement by the Cyprus Statistical Service – Harmonized Index of Consumer Prices

Written by A. Antoniades on . Posted in CyStat Announcement, News.

The HICP rose by 2,9% between January 2024 and January 2025, and decreased by 1,4% in the month between December 2024 and January 2025. 

Compared to January 2024, the categories Recreation and Culture (7,5%), Food and Non-Alcoholic Beverages (5,3%) and Restaurants and Hotels (4,8%) showed the largest positive changes. (Table 1)

In comparison to December 2024, the largest changes were recorded in the categories Clothing and Footwear (-13,7%) and Food and Non-Alcoholic Beverages (-1,6%). (Table 1)

The largest changes in economic categories compared to January 2024 were observed in the categories of Food-Alcoholic Beverages-Tobacco (4,3%) and Services (4,2%), while compared to the previous month, the largest change was observed in the category of Non energy industrial goods (-4,0%). (Table 2)

Read the full announcement here (Graphs & Tables)

Announcement by the Cyprus Statistical Service – Foreign Trade Statistics Nov – Dec 2024

Written by A. Antoniades on . Posted in CyStat Announcement, Training Programs.

FOREIGN TRADE STATISTICS: NOVEMBER 2024 (FINAL DATA) AND DECEMBER 2024 (PROVISIONAL DATA)

Total imports of goods in December 2024 were €1.314,3 mn as compared to €954,1 mn in December 2023, recording an increase of 37,8%. Imports from other EU Member States were €662,7 mn and from third countries €651,6 mn, compared to €595,0 mn and €359,1 mn respectively in December 2023. Imports in December 2024 include the transfer of economic ownership of vessels and aircrafts, with total value of €372,5 mn as compared to €4,8 mn in December 2023.

Total exports of goods in December 2024 were €359,0 mn as compared to €392,4 mn in December 2023, recording a decrease of 8,5%. Exports to other EU Member States were €88,0 mn and to third countries €271,0 mn, compared to €92,9 mn and €299,5 mn respectively in December 2023. Exports in December 2024 include the transfer of economic ownership of vessels, with total value of €41,4 mn as compared to €100,1 mn in December 2023.

Total imports of goods in January–December 2024 amounted to €12.256,1 mn as compared to €13.179,8 mn in January–December 2023, recording a decrease of 7,0%. Total exports of goods in January-December 2024 were €4.121,8 mn compared to €4.709,4 mn in January-December 2023, registering a decrease of 12,5%. The trade deficit was €8.134,3 mn in January–December 2024 compared to €8.470,4 mn in the corresponding period of 2023.

Read the full announcement here (Graphs & Tables)

Announcement by the Cyprus Statistical Service – Average Monthly Earnings of Employees by Quarter

Written by A. Antoniades on . Posted in CyStat Announcement, News.

Based on provisional data, the average gross monthly earnings of employees during the third quarter of 2024, amounted to €2.351 compared to €2.230 during the third quarter of 2023, i.e. an increase of 5,4% is observed.

For the third quarter of 2024, there is an increase in seasonally adjusted average gross monthly earnings compared to the second quarter of 2024, of 1,3%.

The average gross monthly earnings of male employees during the third quarter of 2024 are estimated at €2.526 and of female employees at €2.133. Compared to the third quarter of 2023, the average gross monthly earnings of male and female employees recorded an increase of 5,4% and 5,5% respectively.  

Read the full announcement here (Graphs & Tables)

Cyprus in Figures 2024

Written by A. Antoniades on . Posted in CyStat Announcement.

Statistical service of Cyprus announces the publication “Cyprus in Figures, 2024”.

The publication contains a collection of data on the main social and economic indicators of Cyprus for the years 2020-2023 and is available free of charge here in Greek & in English

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