Breaking news

Cyprus Economy: Assessing The €566.9 Million Surplus In January 2025

by News Editor

March 11, 2025

Cyprus has kicked off 2025 on a high note, recording a general government surplus of €566.9 million, equivalent to 1.6% of GDP, as per CySTAT’s preliminary fiscal results.

Compared to January 2024, which saw a surplus of €476.5 million (1.4% of GDP), this year marks a significant improvement. Revenue rose by €194.3 million, a 14.3% increase from 2024’s €1,360.6 million.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Key Revenue Increasers

Taxes on production and imports grew by 11.3%, reaching €396.3 million. Notably, VAT netted €249.7 million, a 3.5% hike.

Income-related taxes added €52.2 million, totaling €592.7 million. Worried about property income scarcity? Good news: it soared by 37.4% to €10.3 million.

Assessment Of Expenditures

Expenditure in January 2025 rose to €988.0 million, up by 11.8% from 2024. Employee compensations witnessed a substantial increase, rising by €28.4 million. Social benefits followed suit, augmenting by €49.6 million.

While capital transfers saw a notable slump, the capital account experienced a healthy boost of 29.8%, reaching €31.6 million.

For those intrigued by Cyprus’ financial journey, comparing this growth to different economic metrics, such as Euro Area’s revised growth forecast, can provide deeper insights.

It’s worth mentioning that data absences have resulted in estimates being made for the Local Government Subsector. As Cyprus continues to navigate its financial landscape, these surpluses reflect a nation steadily poised for growth.

The Future Forbes Realty Global Properties

Cyprus Records 3.1M Guest Nights In Q3 2025

Cyprus recorded 3.1 million guest nights in short-term rental accommodation in the third quarter of 2025, according to Eurostat. The data reflect bookings made through online platforms.

Record Performance In Q3 2025

Between July and September 2025, guest nights reached 3,104,502 across platforms, including Airbnb, Booking.com, and Expedia. The volume highlights the role of digital booking platforms in Cyprus’s tourism sector.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Continental Trends Bolstering Digital Tourism

Across the EU, short-term rental activity also increased. In the fourth quarter of 2025, total guest nights reached 172.30 million, up 10.90% compared to the same period in 2024 and 30.20% higher than in 2023. For the full year, online platforms accounted for 951.60 million nights in 2025, representing an increase of 11.40% year on year and 32.40% compared to 2023.

Regional Destinations And Competitive Dynamics

Tourism activity remains concentrated in southern European regions. Croatia’s Jadranska Hrvatska recorded 27.70 million guest nights, followed by Spain’s Andalucia with 19.50 million and France’s Provence-Alpes-Côte d’Azur with 16.90 million. Cyprus is not among the top 20 EU regions by volume, though its figures remain notable relative to its size.

Economic Implications And Forward Outlook

Tourism continues to play a key role in Cyprus’s economy, with online platforms accounting for a growing share of bookings. Eurostat data indicate continued expansion in digital tourism, with implications for policy planning and investment across the sector.