Revised national accounts data for 2022–2024 show higher growth rates, with a 4.8% estimated growth for 2025. Revisions include adjustments for large enterprises and energy-producing households.
The revised estimate of the Annual National Accounts indicates that the economy’s growth rate for 2025 is estimated at 4.8%.
Data for 2022–2024 have been revised to include specific adjustments and routine revisions. The growth rates for these years are now estimated at:
Revisions involve updates from sources, incorporation of large enterprises with significant turnover and cross-border transactions, and inclusion of households producing energy via photovoltaic systems.
The real growth rate for 2025 is mainly driven by sectors such as information and communication, wholesale and retail trade, hotels and restaurants, and professional, scientific, and technical activities.
Gross Domestic Product (GDP) at current prices is estimated to increase by 5.6% in 2025, compared to 9.5% in 2024, 11.6% in 2023, and 15.6% in 2022. The estimates are based on production and expenditure approaches, following ESA 2010 standards.
For detailed methodological information and data sources, visit the CYSTAT portal or contact Mr. Demetris Ioannou at 22 605128 or via email at dioannou@cystat.mof.gov.cy.
