Economy category powered by

Cyprus' GDP grows 3.9% in Q3 2024

15:05 - 14 November 2024

Economy

Cyprus’ economy recorded a strong performance in the third quarter of 2024, with GDP growth reaching 3.9% in real terms compared to the same period in 2023, according to data released by Cystat.

After seasonal and working-day adjustments, the growth rate is estimated at 3.8%.

In comparison to the previous quarter, the GDP grew by 1.0%, marking the strongest quarterly gain of 2024.

This growth is largely attributed to robust activity across several sectors, including Hotels and Restaurants, Wholesale and Retail Trade, Information and Communication Technologies and construction.

News Feed

Read More

Thanos Michaelides: The German market may become equivalent to the UK's for Cyprus tourism
Eurobank Group to build care centre and independent living residences for people with disabilities
Infocredit Group receives Partner Excellence Award from HostingB2B
Shipping’s future in focus at “Maritime Cyprus 2025”
The new Starbucks store on Stavrou Avenue has opened its doors (pics)
Christodoulides showcases over 80 projects worth over €1b for the city and province of Nicosia
Cyprus achieves deployment of country's first quantum communication network
Cyprus’ EU Presidency a unique opportunity for the country, President says
ERATOSTHENES-UAE explore collaboration in Earth Observation, Space Technologies
Commission endorses positive preliminary assessment of Cyprus' €75.9m NextGenerationEU request