Cyprus economy grows by 3 percent in the first quarter of 2026

According to the Cyprus Statistical Service, the Cypriot economy recorded a year-on-year growth rate of 3.0% in the first quarter of 2026. Adjusted for seasonal fluctuations and working days, the GDP also increased by 0.2% compared to the fourth quarter of 2025. Key growth sectors include information and communication, which rose by 5.4%, construction at 4.9%, and the trade, transport, accommodation, and food services sector at 4.4%. Financial and insurance activities grew by 2.4%, while real estate activities saw a 2.1% increase. On the expenditure side, private household consumption rose by 5.1%, and government consumption increased by 4.6%, resulting in a total final consumption growth of 4.9%. Exports of goods and services grew by 10.5% to reach €8.68 billion, while imports increased by 10.4% to reach €8.18 billion. The data highlights a robust performance driven by both domestic demand and strong external trade figures.