The gross domestic product of Cyprus advanced by 0.5% quarter-on-quarter in the second quarter of 2025, slowing from a 1.3% gain in the preceding period. GDP Growth Rate in Cyprus averaged 0.79 percent from 1995 until 2025, reaching an all time high of 6.90 percent in the third quarter of 2020 and a record low of -12.00 percent in the second quarter of 2020. source: Statistical Service of the Republic of Cyprus

The Gross Domestic Product (GDP) in Cyprus expanded 0.50 percent in the second quarter of 2025 over the previous quarter.

The Gross Domestic Product (GDP) in Cyprus expanded 0.50 percent in the second quarter of 2025 over the previous quarter. GDP Growth Rate in Cyprus is expected to be 0.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cyprus GDP Growth Rate is projected to trend around 0.50 percent in 2026, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-08-14 09:00 AM
QoQ Flash
Q2 0.5% 1.4% 0.8%
2025-09-02 09:00 AM
QoQ Final
Q2 0.5% 1.4% 0.5%
2025-11-14 10:00 AM
QoQ Flash
Q3 0.5%


Related Last Previous Unit Reference
Full Year GDP Growth 3.43 2.61 percent Dec 2024
GDP Growth Rate YoY 3.30 3.10 percent Jun 2025
GDP Constant Prices 7384.30 7346.20 EUR Million Jun 2025
GDP from Agriculture 80.64 80.19 EUR Million Jun 2025
GDP from Construction 323.24 323.07 EUR Million Jun 2025
GDP from Manufacturing 294.09 295.18 EUR Million Jun 2025
GDP from Mining 409.05 407.65 EUR Million Jun 2025
GDP from Public Administration 1150.80 1146.30 EUR Million Jun 2025
GDP from Services 1565.40 1541.20 EUR Million Jun 2025
GDP Growth Rate 0.50 1.40 percent Jun 2025
Gross Fixed Capital Formation 1653.60 1469.70 EUR Million Jun 2025
Gross National Product 29962.81 28341.01 EUR Million Dec 2024

Cyprus GDP Growth Rate
Services including tourism, financial services, and real estate are considered as the backbone of the Cyprus economy, accounting for nearly 80 percent of GDP. On the expenditure side, household consumption is the main component of GDP and accounts for 70 percent of its total use, followed by government expenditure (16 percent) and gross fixed capital formation (11 percent). Exports of goods and services account for 55 percent of GDP while imports account for 53 percent, adding 2 percent of total GDP.
Actual Previous Highest Lowest Dates Unit Frequency
0.50 1.40 6.90 -12.00 1995 - 2025 percent Quarterly
SA, WDA