Cyprus’s economic expansion in 2025 was significantly stronger than initial estimates indicated, with real GDP growth reaching 4.8%, according to the latest Annual National Accounts release by the Statistical Service. The updated figure represents a full percentage point upward revision from the 3.8% preliminary projection issued in March 2026.
Nominal Gross Domestic Product at current prices for 2025 has been re-estimated at €38.31 billion (up from €36.32 billion in March), representing an annual increase of 5.6%. Finance Minister Makis Keravnos noted that the figures demonstrate the island’s capacity to surpass fiscal targets and generate additional national wealth.
Historical GDP Growth & Revisions (2022–2025)
The Statistical Service also applied extensive benchmark adjustments to data spanning 2022 through 2024, reflecting updated corporate data, supply-and-use balancing, and new sector additions:
| Year | Revised Real GDP Growth | Initial Real GDP Estimate | Current Prices Growth | Nominal GDP Volume |
| 2025 | 4.8% | 3.8% | 5.6% | €38,314.1M |
| 2024 | 6.6% | 3.9% | 9.5% | — |
| 2023 | 6.0% | 3.6% | 11.6% | — |
| 2022 | 8.9% | 8.7% | 15.6% | — |
Underlying Revision Drivers
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Enterprise Data Integration: Inclusion of comprehensive financial records from large corporations with significant cross-border transactions and higher domestic value added.
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Household Energy Production: Formal integration of households acting as independent power producers via rooftop photovoltaic systems.
Production Method: Primary Sector Performance (2025)
Economic growth during 2025 was propelled by tech expansion, consumer trade, tourism, and professional services:
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Information & Communication: Surged 12.7% in real terms (revised from 8.1%), generating €4.64 billion in value added (13.5% of total economy).
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Wholesale & Retail Trade: Grew 7.4% in real terms, contributing €3.95 billion (11.5% share).
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Accommodation & Food Services: Expanded 7.1% in real terms (+12.0% at current prices) to reach €2.32 billion (6.8% share).
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Professional, Scientific & Technical: Advanced 4.6% in real terms (revised from 1.6%), totaling €2.56 billion (7.4% share).
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Construction: Recorded a steady 4.5% real gain (+7.9% at current prices) to reach €1.89 billion.
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Financial & Insurance Activities: Posted a 2.9% real increase, though nominal value added dipped 2.5% to €3.10 billion (9.0% share).
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Real Estate Activities: Grew 2.3% in real terms, bringing value added to €3.23 billion (9.4% share).
Expenditure Components: Investment and Consumption Trends
On the expenditure side, capital investment saw a massive upward revision compared to initial estimates:
| Expenditure Category | Real Change (Revised) | Real Change (Initial) | Current Value (2025) | Nominal Change |
| Gross Capital Formation | +20.5% | +2.5% | €7,565.4M | +23.7% |
| Private Consumption | +4.6% | +3.3% | €21,364.9M | +4.8% |
| Public Consumption | +1.1% | +3.3% | €6,667.7M | +4.4% |
| Exports (Goods & Services) | +2.3% | +4.7% | €38,063.3M | +2.8% |
| Imports (Goods & Services) | +4.0% | +4.1% | €35,347.2M | +5.2% |