The growth rate of the Cypriot economy at 3.3% for the second quarter of 2025, according to a flash estimate by the Statistical Service, is significantly higher than the European average and confirms the resilience of the Cypriot economy, the Ministry of Finance said in a written statement on Thursday.

According to the flash estimate by the Statistical Service published on Thursday, the economic growth rate for the second quarter of 2025 is calculated at 3.3% (seasonally adjusted data) compared to the corresponding quarter of 2024, and at 0.5% compared to the previous quarter.

According to the corresponding data from Eurostat, Cyprus’ growth rate of 3.3% for the second quarter of 2025 is significantly higher than the European average, which stands at 1.4% for the Eurozone and 1.5% for the European Union.

For the first half of 2025, the economic growth rate is estimated at 3.2%.

As the Ministry of Finance notes, "these figures once again confirm that the Cypriot economy, in a period of increased uncertainty, mainly due to geopolitical developments, continues to record relatively high growth rates."

It also notes that maintaining prudent and disciplined fiscal policy and economic management by the Government, combined with the implementation of the national Recovery and Resilience Plan, "will contribute to the resilience of the Cypriot economy, so that Cyprus, as a small and open economy, can continue to successfully face the challenges from the external environment and create the conditions to successfully address internal long-term challenges, such as climate change, energy security, and demographic policy."

CNA/MCH/EPH/2025

ENDS, CYPRUS NEWS AGENCY