The growth rate of the economy in 2024 is positive and is estimated at 3.9% in real terms, according to a revised estimate published by cySTAT.
At current prices, the percentage change in Gross Domestic Product (GDP) amounts to 7.2%.
According to CySTAT, regarding the production approach for the estimation of GDP in real terms, the positive growth rate is mainly attributed to the sectors: 'Information and communication', 'Hotels and Restaurants', 'Construction' and 'Wholesale and retail trade; repair of motor vehicles and motorcycles'.
GDP in real terms in 2024 stood at €29,419.9 billion. In current prices, GDP was at €34,770.2 billion.
Also read: Economy's growth rate in 2024 at 3.9%, according to a revised CySTAT estimate
(Source: CNA)
