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GDP growth at 3.6% in Q2 2024

07:42 - 16 August 2024

Economy Reporter

GDP growth rate in real terms during the second quarter of 2024 is positive and it is estimated at 3.6% compared to the corresponding quarter of 2023, according to a flash estimate issued by CySTAT.

Based on seasonal and working day adjusted data, GDP growth rate in real terms is estimated at 3.7%. This is the largest growth rate since the third quarter of 2022.

When compared to the previous quarter, GDP growth was at 0.7%

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

(Source: CNA)

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