Cyprus recorded a Current Account deficit of 11.90 percent of the country's Gross Domestic Product in 2020. source: EUROSTAT

Current Account to GDP in Cyprus averaged -5.10 percent of GDP from 1995 until 2020, reaching an all time high of 3.10 percent of GDP in 1998 and a record low of -14.70 percent of GDP in 2008. This page provides - Cyprus Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Cyprus Current Account to GDP - values, historical data and charts - was last updated on October of 2021.

Current Account to GDP in Cyprus is expected to reach -8.60 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cyprus Current Account to GDP is projected to trend around -6.50 percent of GDP in 2022 and -5.50 percent of GDP in 2023, according to our econometric models.

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Cyprus Current Account to GDP


Cyprus Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.

Cyprus Last Reference Previous Highest Lowest Unit
Current Account to GDP -11.90 Dec/20 -6.30 3.10 -14.70 percent of GDP