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Cyprus recorded 3.3% real GDP growth in the second quarter of 2026, putting the economy on a significantly stronger growth path than the eurozone, where expansion was 1%, Finance Minister Makis Keravnos said Friday.
The figure comes from preliminary data released by the Statistical Service and points to continued economic expansion despite difficult conditions in Europe and internationally.
Keravnos said the latest results reflect the resilience of the Cypriot economy and credited several factors for its performance, including disciplined fiscal management, a stable financial system, stronger investor confidence and continued activity from businesses and workers.
The minister also sought to put the figures in perspective, saying the government was aware that households and companies continue to face economic pressures and that international uncertainty remains.
He said the government would not take the latest growth figures for granted. Instead, the focus is on using the country's economic performance to strengthen public finances, attract further investment, create more and better-paid jobs and provide targeted assistance to society.
According to Keravnos, the government's cautious but proactive approach to fiscal policy has helped reinforce confidence in Cyprus and support the conditions needed for a more productive, competitive and resilient economy.
The 3.3% quarterly growth rate leaves Cyprus expanding at more than three times the pace recorded across the eurozone during the same period.
