The current account deficit in Cyprus rose to EUR 203.6 million in the second quarter of 2019 from EUR 88.4 million in the same period a year earlier. The goods gap widened to EUR 1,316 million from EUR 1,164 million a year ago and the services surplus narrowed to EUR 1,416 million from EUR 1,433 million. On the other hand, the primary income shortfall fell to EUR 229 million from EUR 250 million and the secondary income deficit declined to EUR 75 million from EUR 108 million. Current Account in Cyprus averaged -233.05 EUR Million from 2001 until 2019, reaching an all time high of 395.30 EUR Million in the third quarter of 2006 and a record low of -1541.40 EUR Million in the fourth quarter of 2007.

Current Account in Cyprus is expected to be -980.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Cyprus to stand at -360.00 in 12 months time. In the long-term, the Cyprus Current Account is projected to trend around -870.00 EUR Million in 2020, according to our econometric models.

Cyprus Current Account
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Calendar GMT Actual Previous Consensus TEForecast
2018-12-28 10:30 AM Current Account Q3 €52.0M €-262.8M €415M
2019-03-29 10:00 AM Current Account Q4 €-1229.8M €11.7M € -980M
2019-06-28 09:30 AM Current Account Q1 €-591.3M €-1229.8M €-460M
2019-10-14 12:00 PM Current Account Q2 €-203.6M €-587.9M €-120M
2019-12-30 10:00 AM Current Account Q3 €-203.6M €50M


Cyprus Trade Last Previous Highest Lowest Unit
Balance of Trade -418156.00 -486427.00 158661.00 -925948.00 EUR Thousand [+]
Current Account -203.60 -587.90 395.30 -1541.40 EUR Million [+]
Current Account to GDP -7.00 -8.40 3.10 -15.50 percent [+]
Imports 612418.00 733944.00 1082134.00 13481.00 EUR Thousand [+]
Exports 194262.00 247517.00 888660.00 5946.00 EUR Thousand [+]
Capital Flows -376.40 -23.60 1701.50 -1362.60 EUR Million [+]
Remittances 18.70 17.30 34.00 1.00 EUR Million [+]
Tourism Revenues 422000.00 350400.00 428200.00 28300.00 EUR Thousand [+]
Tourist Arrivals 524707.00 553845.00 553845.00 16748.00 Units [+]
Gold Reserves 13.90 13.90 14.48 13.87 Tonnes [+]
Terrorism Index 1.21 1.89 3.19 0.05 [+]
External Debt 208114.48 101906.10 208114.48 90778.90 EUR Million [+]


Cyprus Current Account

Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). This page provides - Cyprus Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Cyprus Current Account - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-203.60 -587.90 395.30 -1541.40 2001 - 2019 EUR Million Quarterly




Country Last Previous
Argentina -2560.58 Jun/19
Australia 5853.00 Jun/19
Brazil -4274.30 Aug/19
Canada -6380.00 Jun/19
China 461.67 Jun/19
Euro Area 25.71 Aug/19
France -2487.00 Aug/19
Germany 16900.00 Aug/19
India -14315.70 Jun/19
Indonesia -8442.80 Jun/19
Italy 6037.00 Aug/19
Japan 2157.71 Aug/19
Mexico 5142.70 Jun/19
Netherlands 13615.80 Jun/19
Russia 12900.00 Sep/19
Saudi Arabia 12407.00 Jun/19
Singapore 21497.50 Jun/19
South Africa -204100.00 Jun/19
South Korea 5270.00 Aug/19
Spain 3237.00 Jul/19
Switzerland 21272.85 Jun/19
Turkey 2604.00 Aug/19
United Kingdom -25200.00 Jun/19
United States -128188.00 Jun/19


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