Cyprus economy holds steady as GDP grows 3 per cent

Cyprus economy holds steady as GDP grows 3 per cent

Cyprus’ economy grew by 3 per cent year-on-year in the first quarter of 2026, supported by household spending, exports and activity across key services sectors, preliminary data from the Cyprus Statistical Service (Cystat) showed on Tuesday. Gross domestic product (GDP), in real terms and adjusted for seasonal fluctuations and working days, also rose by 0.2 per cent compared with the fourth quarter of 2025. Growth was mainly driven by wholesale …

Cyprus Economy Grows 3.0% in First Quarter of 2026

Cyprus’ economy expanded 3.0% in the first quarter of 2026 compared with a year earlier, according to preliminary quarterly national accounts released by the Cyprus Statistical Service. Growth was driven mainly by wholesale and retail trade, transportation, tourism and food services, information and communication, and financial and insurance activities. The figures reflect continued strength in sectors tied to consumer activity and services. Bas…