The GDP growth rate in real terms during the third quarter of 2024 is positive and it is estimated at 3.9% over the corresponding quarter of 2023, according to data published by the Cyprus Statistical Service on Monday.
Based on seasonally and working day adjusted data, GDP growth rate in real terms is estimated at 3.8%.
The positive growth rate is mainly attributed to the sectors “Hotels and Restaurants”, “Construction”, “Information and Communication”, “Wholesale and Retail Trade, Repair of Motor Vehicles”.
Also read: Retail trade up 4.6% in value and 4.7% in volume in October 2024
Source: CNA/MCH/EPH/2024
