The Statistical Service has released its preliminary estimate showing Gross Domestic Product growth, seasonally adjusted, of 3.3% in the second quarter of 2026 compared with the same quarter of 2025.
The positive growth rate was driven mainly by the wholesale and retail trade and motor vehicle repair sector, information and communications, financial and insurance activities, and construction.
Quarter-on-quarter, GDP rose 0.8% in the second quarter of 2026, following growth of 0.5% in the first quarter. In year-on-year terms, growth reached 3.0% in the first quarter of 2026, while 2025 saw growth of 4.2% in the fourth quarter, 3.5% in the third quarter and 3.7% in the second quarter.
The Statistical Service noted that the preliminary GDP estimate is designed to give an early picture of the Cypriot economy’s performance 45 days after the end of the quarter, drawing on fewer data sources than the fuller Quarterly National Accounts estimates produced two months after the reference quarter.
The accounts are compiled using an indirect approach based on short-term indicators, with the Chow-Lin technique used to distribute the data over time, in line with the European System of Accounts (ESA 2010) under EU Regulation No. 549/2013.
