{"id":195003,"date":"2026-10-20T16:49:09","date_gmt":"2026-10-20T13:49:09","guid":{"rendered":"https:\/\/lamaisonestates.com\/?p=195003"},"modified":"2026-10-20T16:49:09","modified_gmt":"2026-10-20T13:49:09","slug":"cyprus-2025-gdp-growth-upgraded-to-4-8-following-major-national-accounts-revision","status":"publish","type":"post","link":"https:\/\/lamaisonestates.com\/he\/cyprus-2025-gdp-growth-upgraded-to-4-8-following-major-national-accounts-revision\/","title":{"rendered":"Cyprus 2025 GDP Growth Upgraded to 4.8% Following Major National Accounts Revision"},"content":{"rendered":"

Cyprus\u2019s 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.<\/p>\n

Nominal Gross Domestic Product at current prices for 2025 has been re-estimated at \u20ac38.31 billion (up from \u20ac36.32 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.<\/p>\n

Historical GDP Growth & Revisions (2022\u20132025)<\/h3>\n

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:<\/p>\n\n\n\n\n\n\n\n\n
Year<\/strong><\/td>\nRevised Real GDP Growth<\/strong><\/td>\nInitial Real GDP Estimate<\/strong><\/td>\nCurrent Prices Growth<\/strong><\/td>\nNominal GDP Volume<\/strong><\/td>\n<\/tr>\n<\/thead>\n
2025<\/b><\/span><\/td>\n4.8%<\/td>\n3.8%<\/td>\n5.6%<\/td>\n\u20ac38,314.1M<\/td>\n<\/tr>\n
2024<\/b><\/span><\/td>\n6.6%<\/td>\n3.9%<\/td>\n9.5%<\/td>\n\u2014<\/span><\/td>\n<\/tr>\n
2023<\/b><\/span><\/td>\n6.0%<\/td>\n3.6%<\/td>\n11.6%<\/td>\n\u2014<\/span><\/td>\n<\/tr>\n
2022<\/b><\/span><\/td>\n8.9%<\/td>\n8.7%<\/td>\n15.6%<\/td>\n\u2014<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Underlying Revision Drivers<\/h4>\n
    \n
  • \n

    Enterprise Data Integration:<\/b> Inclusion of comprehensive financial records from large corporations with significant cross-border transactions and higher domestic value added.<\/p>\n<\/li>\n

  • \n

    Household Energy Production:<\/b> Formal integration of households acting as independent power producers via rooftop photovoltaic systems.<\/p>\n<\/li>\n<\/ul>\n

    Production Method: Primary Sector Performance (2025)<\/h3>\n

    Economic growth during 2025 was propelled by tech expansion, consumer trade, tourism, and professional services:<\/p>\n

      \n
    • \n

      Information & Communication:<\/b> Surged 12.7% in real terms (revised from 8.1%), generating \u20ac4.64 billion in value added (13.5% of total economy).<\/p>\n<\/li>\n

    • \n

      Wholesale & Retail Trade:<\/b> Grew 7.4% in real terms, contributing \u20ac3.95 billion (11.5% share).<\/p>\n<\/li>\n

    • \n

      Accommodation & Food Services:<\/b> Expanded 7.1% in real terms (+12.0% at current prices) to reach \u20ac2.32 billion (6.8% share).<\/p>\n<\/li>\n

    • \n

      Professional, Scientific & Technical:<\/b> Advanced 4.6% in real terms (revised from 1.6%), totaling \u20ac2.56 billion (7.4% share).<\/p>\n<\/li>\n

    • \n

      Construction:<\/b> Recorded a steady 4.5% real gain (+7.9% at current prices) to reach \u20ac1.89 billion.<\/p>\n<\/li>\n

    • \n

      Financial & Insurance Activities:<\/b> Posted a 2.9% real increase, though nominal value added dipped 2.5% to \u20ac3.10 billion (9.0% share).<\/p>\n<\/li>\n

    • \n

      Real Estate Activities:<\/b> Grew 2.3% in real terms, bringing value added to \u20ac3.23 billion (9.4% share).<\/p>\n<\/li>\n<\/ul>\n

      Expenditure Components: Investment and Consumption Trends<\/h3>\n

      On the expenditure side, capital investment saw a massive upward revision compared to initial estimates:<\/p>\n\n\n\n\n\n\n\n\n\n
      Expenditure Category<\/strong><\/td>\nReal Change (Revised)<\/strong><\/td>\nReal Change (Initial)<\/strong><\/td>\nCurrent Value (2025)<\/strong><\/td>\nNominal Change<\/strong><\/td>\n<\/tr>\n<\/thead>\n
      Gross Capital Formation<\/b><\/span><\/td>\n+20.5%<\/b><\/span><\/td>\n+2.5%<\/span><\/td>\n\u20ac7,565.4M<\/td>\n+23.7%<\/td>\n<\/tr>\n
      Private Consumption<\/b><\/span><\/td>\n+4.6%<\/b><\/span><\/td>\n+3.3%<\/span><\/td>\n\u20ac21,364.9M<\/td>\n+4.8%<\/td>\n<\/tr>\n
      Public Consumption<\/b><\/span><\/td>\n+1.1%<\/b><\/span><\/td>\n+3.3%<\/span><\/td>\n\u20ac6,667.7M<\/td>\n+4.4%<\/td>\n<\/tr>\n
      Exports (Goods & Services)<\/b><\/span><\/td>\n+2.3%<\/b><\/span><\/td>\n+4.7%<\/span><\/td>\n\u20ac38,063.3M<\/td>\n+2.8%<\/td>\n<\/tr>\n
      Imports (Goods & Services)<\/b><\/span><\/td>\n+4.0%<\/b><\/span><\/td>\n+4.1%<\/span><\/td>\n\u20ac35,347.2M<\/td>\n+5.2%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>","protected":false},"excerpt":{"rendered":"

      Cyprus\u2019s 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 […]<\/p>","protected":false},"author":9,"featured_media":195004,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/posts\/195003"}],"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=195003"}],"version-history":[{"count":2,"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/posts\/195003\/revisions"}],"predecessor-version":[{"id":195006,"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/posts\/195003\/revisions\/195006"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/media\/195004"}],"wp:attachment":[{"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/media?parent=195003"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/categories?post=195003"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/tags?post=195003"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}