GDP growth rate in real terms during the second quarter of 2024 is positive and it is estimated at 3.6% compared to the corresponding quarter of 2023, according to a flash estimate issued by CySTAT.
Based on seasonal and working day adjusted data, GDP growth rate in real terms is estimated at 3.7%. This is the largest growth rate since the third quarter of 2022.
When compared to the previous quarter, GDP growth was at 0.7%
The positive GDP growth rate is mainly attributed to the sectors: “Hotels and Restaurants”, “Wholesale and Retail Trade, Repair of Motor Vehicles”, “Information and Communication” and “Construction.
(Source: CNA)
