Cyprus economy grows 3.8% in 2025 as spending and exports rise

Cyprus’ economy kept a steady pace in 2025, with growth holding at 3.8% in real terms. In current prices, GDP rose by 4.9%.

According to the Cyprus Statistical Service, GDP at current prices reached €36.48 billion, marking a 4.9% increase compared to 2024. In real terms, based on 2019 prices, GDP stood at €30.66 billion, up 3.8%.

Public spending climbed to €6.77 billion, up 5.4% in current prices and 2% in real terms. Private consumption also rose, reaching €20.65 billion, an increase of 3.7% in current prices.

Investment, however, moved in the opposite direction. Gross capital formation fell by 2.3% in current prices to €7.03 billion and by 4.6% in real terms.

Exports of goods and services posted solid growth, increasing by 5.5% to €35.6 billion, or 5% in real terms. Imports also went up, though at a slower pace, rising 3.3% in current prices to €33.54 billion and 2.5% in real terms.

When it comes to income distribution, wages and salaries took the largest share of the economy, totaling €16.25 billion. Business profits followed at €9.57 billion. Taxes on production and imports, minus subsidies, reached €4.58 billion, while fixed capital consumption stood at €4.05 billion. Gross income accounted for €2.03 billion.