Economy category powered by

GDP growth rate at 3.9% in third quarter of 2024

07:51 - 03 December 2024

Economy Reporter

The GDP growth rate in real terms during the third quarter of 2024 is positive and it is estimated at 3.9% over the corresponding quarter of 2023, according to data published by CySTAT.

Based on seasonally and working day adjusted data, GDP growth rate in real terms is estimated at 3.8%.

The positive growth rate is mainly attributed to the sectors 'Hotels and Restaurants', 'Construction', 'Information and Communication', and 'Wholesale and Retail Trade, Repair of Motor Vehicles'.

(Source: CNA)

News Feed

All News

Read More

Cyprus unemployment drops to fifth lowest in EU at 3.6%
Wizz Air announces new direct route from Larnaca to Tirana, Albania
ERB Cyprialife and ERB Asfalistiki: The Hellenic Life and Pancyprian Insurance merger takes shape
Ministerial decree establishes National Mechanism for the Control of Foreign Direct Investments
'Maritime Cyprus 2025' to be held at Parklane, a Luxury Collection Resort & Spa
Celebrating excellence, University of Limassol hosts its 2025 Graduation Ceremony (pics)
Laiko Cosmos Trading bringing William Grant & Sons' 'The Famous Grouse' and 'Naked Malt' to the Cyprus market
Τhis year is pivotal for Cyprus’ tourism, President Christodoulides says
Increase in revenues and contained spending in Cyprus’ state budget by May
CBC: Net demand for business loans rises in Cyprus for the first time since 2021