FX.co ★ Cyprus Economy Expands 3.0% YoY in Q1

In the first quarter of 2025, Cyprus's economy experienced a year-on-year expansion of 3.0%, building on a 2.9% increase from the previous quarter, according to preliminary estimates. Key sectors contributing positively to this growth included wholesale and retail trade, motor vehicle repairs, information and communication, construction, as well as hotels and restaurants. On a quarterly basis, GDP grew by 1.3% in Q1, improving from a revised 0.2% increase in the quarter before.