Cyprus Service Sector Turnover Rises In 2025, Led By Tourism Growth

Cyprus Service Sector Expands In 2025

Cyprus’s service sector recorded strong turnover growth in 2025, driven largely by tourism-related industries and expanding professional services, according to data released by the national statistical service. The figures highlight the continued importance of services as the backbone of the Cypriot economy.

Tourism And Hospitality Lead Growth

Accommodation and food services recorded the strongest increase, with turnover rising by 9.5% compared with 2024. The result reflects sustained tourism demand and continued growth across hospitality businesses. Administrative and support services followed with an increase of 7.4%, reflecting rising activity in business support sectors.

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Broad Gains Across Service Industries

Several additional sectors also reported steady growth during the year. Professional, scientific and technical activities expanded by 4.6%, while the communications sector recorded growth of 4.3%. Transport and storage increased by 2.8%, supported by higher logistics and tourism-related demand. Real estate management registered a smaller rise of 0.4%.

Fourth Quarter Maintains Momentum

The fourth quarter of 2025 reaffirmed the overall positive annual trend. Detailed quarterly analysis revealed a continued strong performance in key segments:

Accommodation and food services increased by 9.5%
Real estate management grew by 5.7%
Administrative and support activities advanced by 4.1%
Professional, scientific, and technical activities rose by 3.4%
Communications improved by 2.1%
Transport and storage saw a 1.4% increase

Service Economy Remains Key Growth Driver

Recent data underscores the resilience of Cyprus’s service-driven economic model. Strong tourism performance continues to support related industries such as transport, logistics and professional services, reinforcing the sector’s role as a central pillar of the country’s economic growth.

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Cyprus Expected Working Life Reaches 39.5 Years, Above EU Average

by THEFUTURE.TEAM

July 20, 2026

People in Cyprus are expected to spend 39.5 years in the workforce, around two years longer than the European Union average of 37.5 years, according to the latest Eurostat data for 2025.

The figure places Cyprus among the EU countries with the longest expected working lives.

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Cyprus Ranks Above EU Average

Only a handful of member states recorded higher figures than Cyprus. The Netherlands topped the ranking at 44 years, followed by Sweden at 43.4 years, Denmark at 42.6 years, and Estonia at 41.5 years.

At the other end of the ranking were Romania with 32.7 years, Italy with 33.0 years, Bulgaria with 34.6 years and Greece with 35.3 years.

Gender Gap Remains Wider Than EU Average

Men in Cyprus are expected to remain in work for 42.1 years, compared with 36.7 years for women. The gap of 5.4 years exceeds the EU average gender gap of 4.1 years.

Across the bloc, Lithuania, Latvia and Estonia were the only countries where women were expected to spend longer in employment than men. Finland recorded the smallest positive gender gap at 0.7 years.

Italy posted the widest gap at 8.9 years, followed by Romania at 6.9 years, Greece at 6.7 years and Malta at 6.3 years.

Working Lives Continue To Lengthen

Between 2016 and 2025, expected working life in Cyprus increased by 3.5 years, placing the country among the strongest performers in the EU over the period. Men’s expected working life rose by 3.3 years, while women’s increased by 3.6 years.

Across the EU, every member state recorded an increase. Malta posted the largest gain at 4.9 years, followed by Hungary and Ireland at 4.2 years each, and the Netherlands at 4.1 years.

Malta’s increase was driven largely by women, whose expected working life rose by 7.8 years, the biggest increase recorded across the bloc.

By comparison, Romania, Spain, Italy, Germany and Austria recorded gains of two years or less over the same period.

Women’s Working Lives Increase Faster Across Europe

Women’s expected working life increased faster than men’s in most EU countries. Denmark, Romania, Sweden and Greece were the main exceptions.

In Cyprus, gains for men and women were broadly similar, alongside Bulgaria, Belgium and Slovenia.

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