{"id":112710,"date":"2025-04-26T19:21:54","date_gmt":"2025-04-26T16:21:54","guid":{"rendered":"https:\/\/www.lamaisonestates.com\/?p=112710"},"modified":"2025-04-26T19:21:54","modified_gmt":"2025-04-26T16:21:54","slug":"cyprus-records-3-4-economic-growth-in-2024-gdp-hits-e33-57-billion","status":"publish","type":"post","link":"https:\/\/lamaisonestates.com\/he\/cyprus-records-3-4-economic-growth-in-2024-gdp-hits-e33-57-billion\/","title":{"rendered":"Cyprus Records 3.4% Economic Growth in 2024, GDP Hits \u20ac33.57 Billion"},"content":{"rendered":"<p class=\"\" data-start=\"262\" data-end=\"477\">Cyprus\u2019 economy showed solid momentum in 2024, with its Gross Domestic Product (GDP) climbing to \u20ac33.57 billion at current market prices, according to the latest data from the Cyprus Statistical Service.<\/p>\n<p class=\"\" data-start=\"479\" data-end=\"789\">The updated National Accounts, which now reflect adjustments from the Balance of Payments (BOP) and Government Finance Statistics (GFS), also introduced a shift in the base year for calculating volume measures\u2014from 2010 to 2019. These updates offer a more accurate picture of the economy\u2019s performance.<\/p>\n<h3 class=\"\" data-start=\"796\" data-end=\"829\">Growth Rate Confirmed at 3.4%<\/h3>\n<p class=\"\" data-start=\"831\" data-end=\"1086\">Measured in real terms (volume measures), Cyprus\u2019 GDP reached \u20ac28.75 billion, confirming a growth rate of 3.4% for the year. This positive performance highlights the economy\u2019s resilience during a year marked by both global and regional challenges.<\/p>\n<h3 class=\"\" data-start=\"1093\" data-end=\"1121\">Sectors Behind the Boost<\/h3>\n<p class=\"\" data-start=\"1123\" data-end=\"1209\">The Cyprus Statistical Service credited several key sectors for driving 2024\u2019s growth:<\/p>\n<ul data-start=\"1211\" data-end=\"1375\">\n<li class=\"\" data-start=\"1211\" data-end=\"1241\">\n<p class=\"\" data-start=\"1213\" data-end=\"1241\">Hotels and Restaurants<\/p>\n<\/li>\n<li class=\"\" data-start=\"1242\" data-end=\"1279\">\n<p class=\"\" data-start=\"1244\" data-end=\"1279\">Information and Communication<\/p>\n<\/li>\n<li class=\"\" data-start=\"1280\" data-end=\"1300\">\n<p class=\"\" data-start=\"1282\" data-end=\"1300\">Construction<\/p>\n<\/li>\n<li class=\"\" data-start=\"1301\" data-end=\"1375\">\n<p class=\"\" data-start=\"1303\" data-end=\"1375\">Wholesale and Retail Trade; Repair of Motor Vehicles and Motorcycles<\/p>\n<\/li>\n<\/ul>\n<p class=\"\" data-start=\"1377\" data-end=\"1475\">These industries showed strong activity, helping to push the country&#8217;s economic expansion forward.<\/p>\n<hr class=\"\" data-start=\"1477\" data-end=\"1480\" \/>\n<h3 class=\"\" data-start=\"1482\" data-end=\"1496\">Final Note<\/h3>\n<p class=\"\" data-start=\"1498\" data-end=\"1765\">Despite a shifting global environment, Cyprus maintained a healthy growth trajectory in 2024, with robust performances across major sectors fueling its success.<\/p>\n<p class=\"\" data-start=\"158\" data-end=\"260\"><em data-start=\"233\" data-end=\"260\">Source: stockwatch.com.cy<\/em><\/p>\n<p class=\"\" data-start=\"262\" data-end=\"477\">","protected":false},"excerpt":{"rendered":"<p>Cyprus\u2019 economy showed solid momentum in 2024, with its Gross Domestic Product (GDP) climbing to \u20ac33.57 billion at current market prices, according to the latest data from the Cyprus Statistical Service. The updated National Accounts, which now reflect adjustments from the Balance of Payments (BOP) and Government Finance Statistics (GFS), also introduced a shift in [&hellip;]<\/p>","protected":false},"author":9,"featured_media":112711,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[211],"tags":[],"_links":{"self":[{"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/posts\/112710"}],"collection":[{"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/comments?post=112710"}],"version-history":[{"count":1,"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/posts\/112710\/revisions"}],"predecessor-version":[{"id":112712,"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/posts\/112710\/revisions\/112712"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/media\/112711"}],"wp:attachment":[{"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/media?parent=112710"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/categories?post=112710"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/tags?post=112710"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}