Cyprus Economy Grows 3.3% in Q2 2026, Outperforming EU Average Threefold
The Cypriot economy demonstrated strong growth momentum and resilience in the second quarter of 2026, with Gross Domestic Product (GDP) expanding by 3.3%. This growth rate is over three times the European Union average, underscoring the country's robust economic performance despite global uncertainties.
President Christodoulides highlighted that the positive trajectory continued in the face of international challenges, supported by favorable international ratings and increased confidence among investors and businesses. Finance Minister Makis Keravnos credited this outperformance to prudent fiscal management, a stable financial system, and the dynamism of Cypriot enterprises and workers.
However, the Finance Minister cautioned that ongoing international uncertainties and pressures on households and businesses require vigilance, emphasizing that there is no room for complacency as Cyprus navigates a complex global economic environment.
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