Cyprus economic performance report for 2025 and early 2026

The Cyprus Statistical Service (Cystat) reported that the real GDP growth rate for 2025 reached 3.8 percent, with a 4.5 percent increase recorded in the fourth quarter on a seasonally adjusted basis. Annual GDP at current prices rose by 4.9 percent, supported by the wholesale and retail trade, construction, hotels and restaurants, and information and communication sectors. In 2025, the total area of authorized building permits grew by 41.0 percent, reaching 3,274,200 square meters. Economic data for January and February 2026 showed a 1.5 percent increase in manufacturing production compared to the same period in 2025. Total motor vehicle registrations rose by 15.1 percent to 9,020 units in early 2026, with private saloon cars increasing by 16.2 percent and light goods vehicles by 18.7 percent. Conversely, the consumer price index showed a marginal inflationary increase of 0.3 percent during the first two months of 2026. These figures incorporate updated government finance statistics and balanced supply and use tables for 2022. While construction and vehicle sales showed expansion, some trade sectors experienced declines during early 2026.