The GDP growth rate in real terms during the fourth quarter of 2024 is positive and it is estimated at 2.6%, according to a flash estimate published by CySTAT.
Based on seasonally and working day adjusted data, GDP growth rate in real terms is estimated at 2.9%.
The positive GDP growth rate is mainly attributed to the sectors: "Hotels and Restaurants", "Wholesale and Retail Trade, Repair of Motor Vehicles" and "Information and Communication". The "Construction" activities recorded a negative growth rate.
Compared to the third quarter of 2024, GDP growth in the fourth quarter of 2024 recorded an increase of 0.3%.
(Source: CNA)
