The dynamism of the Cypriot economy has been officially confirmed by robust third-quarter growth figures, providing a strong signal of stability amidst global turmoil. Finance Minister Makis Keravnos expressed satisfaction with the preliminary estimate from the Statistical Service, which reported a substantial 3.6% growth rate in the third quarter of 2025 compared to the same period in 2024. The economy also expanded by 0.9% compared to the preceding quarter.
Outperforming Europe
Minister Keravnos highlighted that Cyprus’s economic expansion significantly outpaces the European average, underscoring the resilience of the domestic market:
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The 3.6% growth rate for Q3 2025 is substantially higher than the averages reported by Eurostat for the currency bloc.
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The Eurozone recorded an average growth rate of 1.4%.
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The wider European Union (EU) registered a 1.6% average growth rate.
Strong Year-to-Date Performance
The strong quarterly result has elevated the nation’s cumulative performance for the year. For the first nine months of 2025, the estimated economic growth rate stands at 3.5%.
This year-to-date figure compares very favorably against the Ministry of Finance’s own initial 3.2% growth forecast for the entirety of 2025, suggesting the government’s official estimate may be surpassed.
Keravnos stated that these high growth rates are being achieved in combination with key domestic strengths: zero inflation and conditions of full employment.
Policy for Future Resilience
The Minister concluded his statement by attributing the sustained positive momentum to the government’s economic strategy and pledging continued commitment to prudent management.
He affirmed that the combination of disciplined fiscal policy and the strategic implementation of the National Recovery and Resilience Plan will bolster the economy’s robustness. This, he noted, is essential to ensure Cyprus—as a small, open economy—can continue its trajectory of high growth.
Source: Stockwatch.com.cy