Cyprus GDP and employment growth reported for Q1 2026

Eurostat data indicates that Cyprus's GDP grew by 3.0% year-on-year in the first quarter of 2026 and by 0.2% quarter-on-quarter. In contrast, the European Union's seasonally adjusted GDP fell by 0.1%, while the Eurozone saw a 0.2% decline for the same period. Among EU member states, Denmark led GDP growth at 1.9%, while Ireland recorded the sharpest decline at -12.1%. Employment figures in Cyprus rose by 2.0% annually and 0.1% compared to the previous quarter. Across the EU, employment remained stable quarterly, while the Eurozone recorded a 0.1% increase. Significant employment growth was noted in Lithuania, Malta, and Estonia, while Romania, Ireland, and Portugal faced the largest contractions. These figures compare the first quarter of 2026 with the fourth quarter of 2025 and the first quarter of 2025 respectively.