Cyprus economy grew by 3.8 per cent in 2025 as real GDP hits €30.5bn

Cyprus’ gross domestic product (GDP) rose by 3.8 per cent in real terms in 2025, according to preliminary estimates by the Cyprus Statistical Service (Cystat).

The statistical service said the economy recorded positive growth of 3.8 per cent in real terms compared with 2024, with GDP at constant prices reaching €30.52 billion.

In current prices, the percentage change in GDP amounted to 4.5 per cent, with GDP reaching €36.32 billion.

Based on the production approach for calculating GDP in real terms, the positive growth rate in 2025 was mainly driven by the sectors of information and communication (ICT), hotels and restaurants, construction, and wholesale and retail trade including the repair of motor vehicles and motorcycles.

In current prices, public consumption increased by 6.7 per cent to €6.82 billion compared with 2024, while private consumption rose by 3.7 per cent to €20.65 billion.

Gross capital formation recorded an increase of 2.3 per cent to €7.35 billion, while exports of goods and services grew by 5.3 per cent to €35.52 billion.

By contrast, imports, which exerted downward pressure on GDP, rose by 4.9 per cent to €34.04 billion.

In a separate announcement, the statistical service reported that GDP grew by 4.5 per cent in real terms in the fourth quarter of 2025 on a seasonally adjusted basis compared with the corresponding quarter of 2024.

Specifically, GDP reached €7.76 billion during this time. Compared with the previous quarter, GDP increased by 1.4 per cent, the service added.

According to the production approach, the positive growth rate in the fourth quarter was mainly attributed to wholesale and retail trade including the repair of motor vehicles, information and communications, as well as hotels and restaurants.