{"id":111396,"date":"2025-03-05T18:30:49","date_gmt":"2025-03-05T16:30:49","guid":{"rendered":"https:\/\/www.lamaisonestates.com\/?p=111396"},"modified":"2025-03-05T18:30:49","modified_gmt":"2025-03-05T16:30:49","slug":"cyprus-economy-expands-by-3-4-in-2024","status":"publish","type":"post","link":"https:\/\/www.lamaisonestates.com\/ru\/cyprus-economy-expands-by-3-4-in-2024\/","title":{"rendered":"Cyprus Economy Expands by 3.4% in 2024"},"content":{"rendered":"<p>The Cypriot economy maintained steady growth in 2024, with an estimated expansion rate of 3.4% in real terms, according to data from the Statistical Service of Cyprus.<\/p>\n<p>The preliminary estimate for the year highlights a positive economic trajectory, with GDP at current prices reflecting a 6.6% increase.<\/p>\n<p><strong>Key Sectors Driving Growth<\/strong><br \/>\nThe economic upturn was primarily fueled by growth in several key industries, including:<\/p>\n<li><strong>Hospitality and dining<\/strong> (Hotels &amp; Restaurants)<\/li>\n<li><strong>Information and communication technology<\/strong><\/li>\n<li><strong>Construction<\/strong><\/li>\n<li><strong>Wholesale and retail trade, including vehicle repairs<\/strong><\/li>\n<p><\/p>\n<p><strong>Q4 2024 Performance<\/strong><br \/>\nIn the fourth quarter of 2024, the Cypriot economy continued to expand, albeit at a slower pace. GDP in real terms grew by 2.6% compared to the same period in 2023. When adjusted for seasonal and working-day variations, the growth rate stood at 2.9%.<\/p>\n<p>Sectoral contributions to this quarterly increase were led by:<\/p>\n<li>Hospitality and tourism<\/li>\n<li>Retail trade and motor vehicle repairs<\/li>\n<li>Information and communication<\/li>\n<p>However, construction was an exception, recording a decline during this period.<\/p>\n<p>These figures indicate sustained economic resilience, with tourism, retail, and digital industries playing a pivotal role in driving GDP growth.<\/p>\n<p><em>Source: Stockwatch.com.cy<\/em><\/p>","protected":false},"excerpt":{"rendered":"<p>The Cypriot economy maintained steady growth in 2024, with an estimated expansion rate of 3.4% in real terms, according to data from the Statistical Service of Cyprus. The preliminary estimate for the year highlights a positive economic trajectory, with GDP at current prices reflecting a 6.6% increase. Key Sectors Driving Growth The economic upturn was [&hellip;]<\/p>","protected":false},"author":9,"featured_media":111399,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[211],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lamaisonestates.com\/ru\/wp-json\/wp\/v2\/posts\/111396"}],"collection":[{"href":"https:\/\/www.lamaisonestates.com\/ru\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lamaisonestates.com\/ru\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lamaisonestates.com\/ru\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lamaisonestates.com\/ru\/wp-json\/wp\/v2\/comments?post=111396"}],"version-history":[{"count":1,"href":"https:\/\/www.lamaisonestates.com\/ru\/wp-json\/wp\/v2\/posts\/111396\/revisions"}],"predecessor-version":[{"id":111398,"href":"https:\/\/www.lamaisonestates.com\/ru\/wp-json\/wp\/v2\/posts\/111396\/revisions\/111398"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.lamaisonestates.com\/ru\/wp-json\/wp\/v2\/media\/111399"}],"wp:attachment":[{"href":"https:\/\/www.lamaisonestates.com\/ru\/wp-json\/wp\/v2\/media?parent=111396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lamaisonestates.com\/ru\/wp-json\/wp\/v2\/categories?post=111396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lamaisonestates.com\/ru\/wp-json\/wp\/v2\/tags?post=111396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}