FX.co ★ Cyprus Q2 GDP Growth Confirmed at 3.3%

In the second quarter of 2025, Cyprus' economy experienced a 3.3% year-on-year growth, aligning with preliminary estimates and slightly surpassing the 3.1% increase observed in the first quarter. This period represented the most robust economic growth since the third quarter of 2024. The expansion was primarily fueled by significant contributions from sectors such as wholesale and retail trade, and the repair of motor vehicles, which grew by 6% compared to 3.9% in the first quarter; information and communication, which saw growth of 6.2% against 5.3% previously; and professional, scientific, and technical activities, increasing from 2.2% to 3.1%. However, the overall GDP was negatively impacted by net trade, as imports rose by 6.8%, outpacing the 4.5% growth in exports. On a quarter-on-quarter basis, GDP increased by 0.5% during Q2, decelerating from a 1.3% expansion in the prior quarter.