cyprus growth — cyprus growth — Cyprus’ economy has shown impressive resilience, with Finance Minister Makis Keravnos announcing a growth of 3.6 per cent in the third quarter of 2025. This growth is not only a reflection of the country’s economic vitality but also stands out significantly against the backdrop of geopolitical uncertainties affecting the region.
Cyprus growth: Continued Economic Momentum
In his remarks, Keravnos noted that the growth compared to the previous quarter was 0.9 per cent, showcasing a steady economic momentum. He stated, “These figures confirm the dynamism of the Cypriot economy, which during a period of heightened uncertainty, mainly due to geopolitical developments, continues to record high growth rates and, indeed, in combination with zero inflation and full employment conditions.”
Comparative Growth Rates
According to data from Eurostat, Cyprus’ growth rate notably outpaces the European average, which stands at 1.4 per cent in the euro area and 1.6 per cent in the European Union. For the first nine months of 2025, the growth rate is estimated at 3.5 per cent, exceeding the Finance Ministry’s earlier conservative forecast of 3.2 per cent for the year.
Fiscal Policies Strengthening Resilience
Keravnos highlighted the importance of maintaining prudent fiscal policies and disciplined economic management as key factors contributing to Cyprus’ robust performance. He expressed confidence that the implementation of the National Recovery and Resilience Plan would further bolster the economy’s resilience. “A small and open economy like Cyprus will continue recording high growth rates,” he added.
Outlook Amid Challenges
The Finance Minister’s optimistic outlook reflects a broader confidence in Cyprus’ ability to navigate through challenging global economic conditions while capitalising on its strengths. As the country continues to innovate and adapt, the focus remains on fostering a stable environment that encourages growth and investment.
