Cyprus Sees a Surge In Tourism Revenue: February’s Significant Gains And What It Means

by News Editor

April 29, 2025

In February 2025, Cyprus reported a notable €79.7 million in tourism revenue, reflecting a remarkable 22.4% increase from the same period last year when earnings stood at €65.1 million, according to the latest release by the statistical service.

Year-to-Date Performance

Taking a broader view, the combined revenue for the first two months of 2025 reached €148.9 million, soaring by 35% compared to €110.3 million during the same months in 2024.

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

Spending Patterns of Tourists

The per capita expenditure for February rose by 14.3%, amounting to €595.71 compared to €521.01 in February 2024. Among the tourists, British visitors, accounting for 24.8% of the arrivals, spent an average of €73.42 per day. Polish tourists made up 15.1% of the total arrivals and spent €71.07 daily. Intriguingly, visitors from Israel had the highest daily spending at €203.06.

Future Prospects

Looking ahead, Harris Papacharalambous, President of Cyprus Travel and Tourism Agents Association, anticipates that a total of 4.25 million tourists will visit Cyprus by the end of the year. The vision for 2026 is to enhance the island’s tourism offerings with innovative changes, turning it into a regional hub for tourism activities, thanks to Cyprus’ strategic geographical position.

For further exploration of Cyprus’s rapid growth and economic potential, read about Cyprus’s fastest-growing tech companies and their global impact.

The Future Forbes Realty Global Properties

Cyprus Economic Resilience: Real GDP Growth Driven By Key Sectors In 2025

by THEFUTURE.TEAM

March 4, 2026

Macro-Economic Overview

The Statistical Service of Cyprus (Cystat) released its first estimate for 2025, showing that the country’s Gross Domestic Product increased by 3.8% in real terms and 4.5% at current prices. In real terms, GDP reached €30.52 billion, reflecting continued economic expansion compared with 2024. Nominal GDP rose to €36.32 billion, indicating higher overall economic activity during the year.

Diverse Sectoral Contributions

According to the production approach, growth was mainly supported by several key sectors of the economy. These included Information and Communications, Hotels and Restaurants, Construction, and Wholesale and Retail Trade, including motor vehicle repairs. The performance of these sectors contributed to the overall increase in economic output during 2025.

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

Consumption, Investment, And Trade Dynamics

Data based on the expenditure approach show that public consumption increased by 6.7%, reaching €6.82 billion. Private consumption rose by 3.7% to €20.65 billion. Gross fixed capital formation grew by 2.3%, reaching €7.35 billion, reflecting continued investment activity. Exports increased by 5.3% to €35.52 billion, while imports rose by 4.9% to €34.04 billion. The increase in imports moderated the overall contribution of external trade to GDP growth.

Quarterly Insights: Strong Fourth Quarter Performance

Separate data from Cystat indicate that seasonally adjusted real GDP grew by 4.5% in the fourth quarter of 2025 compared with the same period in 2024, reaching €7.76 billion. Quarterly, GDP increased by 1.4% compared with the third quarter of the year. Growth during the period was mainly recorded in Wholesale and Retail Trade, Information and Communications, and Hotels and Restaurants. The figures confirm continued economic expansion across several sectors of the Cypriot economy during the final quarter of 2025.

Breaking news