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GDP growth rate 2019Q1-2023Q4

The GDP growth rate in real terms during the fourth quarter of 2023 is positive and it is estimated at 2.1% over the corresponding quarter of 2022. Based on seasonally and working day adjusted data, GDP growth rate in real terms is estimated at 2.2%.

Regarding the production approach for the estimation of GDP, the positive growth rate is mainly attributed to the sectors: "Hotels and Restaurants", "Transport and Storage", "Construction", "Information and Communication", "Wholesale and Retail Trade, Repair of Motor Vehicles, "Arts, entertainment and recreation, repair of household goods and other services".

https://www.cystat.gov.cy/en/PressRelease?id=68639

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