{"id":119574,"date":"2025-10-20T19:14:51","date_gmt":"2025-10-20T16:14:51","guid":{"rendered":"https:\/\/www.lamaisonestates.com\/?p=119574"},"modified":"2025-10-20T19:14:51","modified_gmt":"2025-10-20T16:14:51","slug":"cyprus-economy-expands-by-3-9-in-2024-driven-by-tech-and-tourism","status":"publish","type":"post","link":"https:\/\/www.lamaisonestates.com\/he\/cyprus-economy-expands-by-3-9-in-2024-driven-by-tech-and-tourism\/","title":{"rendered":"Cyprus Economy Expands by 3.9% in 2024, Driven by Tech and Tourism"},"content":{"rendered":"<p>The Cypriot economy showed robust growth in 2024, with the Gross Domestic Product (GDP) expanding by 3.9% in real terms, according to a revised estimate published on Monday by the Cyprus Statistical Service (CYSTAT).<\/p>\n<h2>Key Economic Figures<\/h2>\n<p>This positive real-term growth was accompanied by a 7.2% increase in GDP at current prices, reflecting the economy&#8217;s strong performance over the year.<\/p>\n<p>The total value of the economy in 2024 stood at \u20ac34.77 billion in current prices, which translates to \u20ac29.42 billion in real terms (adjusted for inflation).<\/p>\n<h2>Main Drivers of Growth<\/h2>\n<p>According to CYSTAT&#8217;s analysis using the production approach, the economic expansion was primarily powered by strong performances in several key sectors.<\/p>\n<p>The main industries contributing to the positive growth rate were:<\/p>\n<ul>\n<li>Information and Communication<\/li>\n<li>Hotels and Restaurants<\/li>\n<li>Construction<\/li>\n<li>Wholesale and Retail Trade (including the repair of motor vehicles)<\/li>\n<\/ul>\n<p><i>Source: S<\/i><i>tockwatch.com.cy<\/i><\/p>","protected":false},"excerpt":{"rendered":"<p>The Cypriot economy showed robust growth in 2024, with the Gross Domestic Product (GDP) expanding by 3.9% in real terms, according to a revised estimate published on Monday by the Cyprus Statistical Service (CYSTAT). Key Economic Figures This positive real-term growth was accompanied by a 7.2% increase in GDP at current prices, reflecting the economy&#8217;s [&hellip;]<\/p>","protected":false},"author":9,"featured_media":119575,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[211],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lamaisonestates.com\/he\/wp-json\/wp\/v2\/posts\/119574"}],"collection":[{"href":"https:\/\/www.lamaisonestates.com\/he\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lamaisonestates.com\/he\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lamaisonestates.com\/he\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lamaisonestates.com\/he\/wp-json\/wp\/v2\/comments?post=119574"}],"version-history":[{"count":2,"href":"https:\/\/www.lamaisonestates.com\/he\/wp-json\/wp\/v2\/posts\/119574\/revisions"}],"predecessor-version":[{"id":119577,"href":"https:\/\/www.lamaisonestates.com\/he\/wp-json\/wp\/v2\/posts\/119574\/revisions\/119577"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.lamaisonestates.com\/he\/wp-json\/wp\/v2\/media\/119575"}],"wp:attachment":[{"href":"https:\/\/www.lamaisonestates.com\/he\/wp-json\/wp\/v2\/media?parent=119574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lamaisonestates.com\/he\/wp-json\/wp\/v2\/categories?post=119574"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lamaisonestates.com\/he\/wp-json\/wp\/v2\/tags?post=119574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}