The Statistical Service's preliminary estimate for a 3.6% growth rate in the third quarter of 2025 is significantly higher than the EU average and confirms the impetus of Cyprus' economy, Makis Keravnos has said.
In a written statement, the Minister expressed satisfaction saying that "these figures confirm the impetus of the Cypriot economy, which in a period of increased uncertainty, mainly due to geopolitical developments, continues to record high growth rates, in combination with zero inflation and full employment conditions".
Referring to data from the European Statistical Office (Eurostat), the Minister of Finance said that Cyprus' growth rate of 3.6% for the 3rd quarter of 2025 is significantly higher than the European average, which is 1.4% and 1.6%, in the Eurozone and the EU, respectively.
He noted that for the first nine months of 2025, the economic growth rate is estimated at 3.5%, which compares positively with the forecast of the Ministry of Finance for 2025, that was conservatively estimated at 3.2%.
Concluding, the Minister noted that “the maintenance of a prudent and disciplined fiscal policy and economic management by the Government, in combination with the implementation of the National Recovery and Resilience Plan, will contribute to the resilience of the Cypriot economy so that Cyprus, as a small and open economy, continues to record high growth rates.”
