India, June 2 -- Cyprus' economy grew at a slightly faster pace in the first quarter of 2025 as initially estimated, driven by strong gains in investment, preliminary data from the statistical office Cystat showed on Monday.
The seasonally and working-day adjusted gross domestic product grew 3.0 percent year-on-year after a 2.9 percent increase in the final three months of 2024. This matched the flash estimate released on May 15.
First quarter growth was largely led by a 19.3 percent jump in gross fixed capital formation. Excluding ships and aircrafts, the GFCF grew 11 percent.
Imports grew 6.8 percent and exports were 4.5 percent higher from a year ago.
Final consumption expenditure increased 1.4 percent year-on-year within which house...