Cyprus economy grew 3.3 per cent annually in second quarter of 2026
Cyprus recorded 3.3 per cent annual GDP growth in the second quarter of 2026, exceeding euro area and EU rates, Eurostat said.
Nicosia, Cyprus. Cyprus recorded annual economic growth of 3.3 per cent in the second quarter of 2026, outpacing the euro area and the European Union, according to Eurostat and preliminary Statistical Service data. GDP also rose by 0.8 per cent from the first quarter.
European comparison
Cyprus’ annual growth rate was more than three times the euro area’s 1.0 per cent and above the EU’s 1.2 per cent rate, according to Eurostat’s latest flash estimate.
On a quarterly basis, GDP increased by 0.4 per cent in the euro area and by 0.5 per cent across the EU between the first and second quarters of 2026.
Acceleration in growth
Euro area GDP had remained unchanged in the first quarter of 2026, while EU GDP grew by 0.1 per cent. Annual growth in the euro area rose from 0.5 per cent in the first quarter to 1.0 per cent in the second, while EU growth increased from 0.8 per cent to 1.2 per cent.
Cyprus accelerated from annual growth of 3.0 per cent in the first quarter to 3.3 per cent in the second quarter. The economy expanded by 4.2 per cent in the final quarter of 2025, 3.5 per cent in the third quarter of 2025 and 3.7 per cent in the second quarter of 2025.
Growth sectors
The latest expansion was driven mainly by wholesale and retail trade and vehicle repairs, information and communication, financial and insurance activities, and construction, according to the Statistical Service.
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