Cyprus GDP at €33,567m in 2024, growth rate at 3.4% in real terms

07:36 - 24 April 2025

Economy Reporter

The Gross Domestic Product (GDP) reached €33,567.7m in 2024 at current market prices, according to the updated National Accounts, which incorporate changes in Balance of Payments (BOP) and Government Finance Statistics (GFS), and the change of base year from 2010 to 2019 for the calculation of volume measures.

At the same time, GDP at volume measures was at €28,749.6 and the growth rate of the economy in 2024 was confirmed as positive at 3.4% in real terms (volume measures).

CySTAT said that, regarding the production approach for the estimation of GDP in real terms, the positive growth rate is mainly attributed to the sectors: "Hotels and Restaurants", “Information and communication”, “Construction” and “Wholesale and retail trade; repair of motor vehicles and motorcycles.”

(Source: CNA)

All the details of the bill on the control of foreign direct investments

Marios Tannousis: The National FDI Control Mechanism is a very important and positive step

Contracts signed for €29.92m phase B3 of the Nicosia perimetre highway

EU invests €2.8 billion in 94 transport projects, including Cyprus ports

Negative inflation for second consecutive month in June at 0.4%

Registered unemployed persons down 9.5% y-o-y in June

Unlocking the future of shipping at the Maritime Cyprus 2025 Conference

€18.8m EU co-financing creates new phase in Vassiliko port development

A spotlight on each sector's job vacancies and the industry with no available positions

Ministry of Agriculture: Cyprus reaffirms cooperation with FAO on climate change

Cyprus GDP at €33,567m in 2024, growth rate at 3.4% in real terms

News Feed

Read More