The GDP growth rate in real terms during the second 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 2.3%.
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", "Information and Communication", "Wholesale and Retail Trade, Repair of Motor Vehicles", "Arts, Entertainment and Recreation" and "Other Service Activities".
Quarterly National Accounts - Growth Rate 2,1% (cystat.gov.cy)
