Zypern BIP Veränderung zum Vorjahr

The economy of Cyprus grew by 3.7% year-on-year in the second quarter of 2024, accelerating from a revised 3.3% increase in the previous quarter. This marked the highest growth rate since Q2 2022, aligning with preliminary estimates. The expansion was primarily driven by robust growth in construction (+10.4%), information & communication (+7%), and the combined sectors of mining, quarrying, manufacturing, and utilities (+4.8%). In contrast, financial and insurance activities saw a slight contraction of 0.5%. On a quarterly basis, GDP grew by 0.7% in Q2 2024, easing from a revised 1% growth in the previous period.