Business & Finance

Cyprus GDP Grows 3.3% in Second Quarter of 2025

Hospitality, retail and ICT sectors fuel expansion

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POLITIS NEWS

The GDP growth rate in real terms (seasonally adjusted), during the second quarter of 2025 is positive and it is estimated at 3.3% over the corresponding quarter of 2024, according to data published on Monday by the Statistical Service.

Regarding the production approach for the estimation of GDP, the positive growth rate is mainly attributed to the sectors: "Wholesale and Retail Trade, Repair of Motor Vehicles", "Information and Communication", "Hotels and Restaurants".

Compared to the first quarter of 2025, the GDP growth rate is estimated at 0.5%.

CNA

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#CYPRUS #BUSINESS & FINANCE #ECONOMY

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