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GDP growth rate 2023Q1-2024Q1

The GDP growth rate in real terms during the first quarter of 2024 is positive and it is estimated at 3.5% over the corresponding quarter of 2023. Based on seasonally and working day adjusted data, GDP growth rate in real terms is estimated at 3.3%.

The positive GDP growth rate is mainly attributed to the sectors: "Hotels and Restaurants", "Wholesale and Retail Trade, Repair of Motor Vehicles", "Information and Communication", "Construction", "Arts, Entertainment and Recreation" and "Other Service Activities".

GDP Growth Rate - Growth Rate 3,5% (cystat.gov.cy)

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