gdp

Economy

Fiscal Council: Cyprus court delays keep €18.5bn debt weighing on growth

Cyprus has the slowest courts in the European Union and spends less per person on them than any other...
Economy

Cyprus lending outpaces GDP expansion as credit growth accelerates

Cyprus banks pushed credit expansion to 10.5% in November, a reversal from the 0.2% contraction recorded two years earlier,...
Economy

Cyprus’s purchasing power below EU average as economic disparities persist

Cyprus recorded a gross domestic product (GDP) per capita slightly below the European Union average in 2024, with purchasing...
Economy

Economic growth slows to 2.9% as concrete strike weighs on Q4 data

Cyprus's economic growth slowed to 2.9% in the fourth quarter of 2024, impacted by a month-long cement industry strike,...
Economy

Household wealth and economic disparities across the EU

Household material welfare varies significantly across the European Union, resulting in stark differences in actual individual consumption (AIC) levels,...
Economy

Cyprus records highest GDP growth in eurozone

Cyprus recorded the highest GDP growth in the eurozone at 3.8% year-on-year in the third quarter of 2024, significantly...
Economy

Cyprus purchasing power below EU average, Eurostat data shows

Despite a steady economic recovery and positive macroeconomic indicators, not all Cypriot citizens are benefiting equally, according to official...
Economy

Cyprus has third highest growth rate in EU and second in Eurozone

Cyprus achieved the third-highest annual growth rate in the European Union and the second-highest in the eurozone for the...
Economy

Economy growth rate at 3.6% for second quarter of 2024

The economic growth rate for the second quarter of 2024 is positive, estimated at 3.6% compared to the same...
Economy

Cyprus holds fiscal forecast steady despite economic gains

The government is maintaining its fiscal forecasts for 2024 despite improved economic performance in the first half of the...
Economy

National debt-to-GDP ratio fell to 72.3% at the end of June

Cyprus's debt-to-GDP ratio fell to 72.3% at the end of June, a decrease of nearly 10 percentage points year-on-year,...
Economy

Retail trade shows growth in early 2024

In February 2024, the Retail Trade Turnover Value Index increased by 5.8% compared to the same month in 2023. During...
Economy

Accommodation and catering a significant sector of the economy

According to Eurostat data, the contribution of the accommodation and catering sector to the Cypriot economy and employment is...
Load more

Latest News

All News