Nicosia:Seasonally adjusted GDP in Cyprus increased by 0.5% in the third quarter of 2026 compared with the previous quarter, while on an annual basis it rose by 3.1%, according to a preliminary estimate published by Eurostat on Friday.
According to Cyprus News Agency, in the second quarter of 2026, Cyprus' GDP had increased by 1.2% quarter-on-quarter and by 3.4% compared with the corresponding quarter of 2025.
Eurostat data revealed that, on a quarterly basis, Cyprus' GDP had increased by 1.1% in the fourth quarter of 2025, by 0.3% in the first quarter of 2026, by 1.2% in the second quarter, and by 0.5% in the third quarter. Compared with the corresponding quarter of the previous year, Cyprus' GDP growth rates stood at 4.5% in the fourth quarter of 2025, 3.1% in the first quarter of 2026, 3.4% in the second quarter, and 3.1% in the third quarter.
At the European Union level, seasonally adjusted GDP increased by 0.5% in the third quarter of 2026 compared with the previous quarter, while in the euro area, the increase was 0.4%. In the second quarter of 2026, GDP had increased by 0.7% in the EU and by 0.6% in the euro area.
On an annual basis, GDP increased by 1.5% in the EU and by 1.3% in the euro area in the third quarter of 2026. In the previous quarter, the corresponding growth rates were 1.4% and 1.2%, respectively.