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2026.05.1309:15:39UTC+00Cyprus Economy Slows 3% YoY in Q1

The Cypriot economy expanded by 3% year-on-year in the first quarter of 2026, its slowest growth rate since the first quarter of 2021 and down from a revised 4.3% in the previous quarter, according to flash estimates. Output continued to be underpinned by robust activity in wholesale and retail trade, motor vehicle repair, information and communication, and the financial and insurance sectors. On a quarterly basis, GDP rose by 0.2% in the first quarter, the weakest increase since the fourth quarter of 2022, following a revised 1.2% expansion in the preceding quarter.

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