Cyprus' economic growth rate moderated in the first quarter of 2026, as estimated initially, the latest data from the statistical office showed on Tuesday.
Gross domestic product (GDP) advanced a seasonally adjusted 3% year-on-year, slower than the 4.3% increase in the fourth quarter. That was in line with the flash data published on May 13. Further, this was the weakest expansion since the third quarter of 2023.
On the production side, the annual growth in agriculture, forestry and fishing eased to 0.1% from 1%. Similarly, manufacturing growth moderated to 1.9% from 4.1%, and the construction sector also expanded at a slower pace of 4.9% versus 8.9% in the previous quarter.
The expenditure breakdown showed that household consumption grew 5.1%, and government consumption expenditure was 4.6% higher. Gross fixed capital formation, or investments, recovered 1.6%, and both exports and imports climbed by 10.5% and 10.4%, respectively.
On a quarterly basis, GDP rose 0.2% in the first quarter, slower than the 1.5% increase in the fourth quarter of 2025.
