Cyprus recorded a Current Account deficit of 6.70 percent of the country's Gross Domestic Product in 2019. source: EUROSTAT

Current Account to GDP in Cyprus averaged -4.85 percent from 1995 until 2019, reaching an all time high of 3.10 percent in 1998 and a record low of -14.70 percent 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 July of 2021.

Current Account to GDP in Cyprus is expected to reach -8.60 percent 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 in 2022 and -5.50 percent in 2023, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Cyprus Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-6.70 -4.40 3.10 -14.70 1995 - 2019 percent of GDP Yearly

Cyprus Trade Last Previous Highest Lowest Unit
Balance of Trade -427977.00 -443000.00 158661.00 -925949.00 EUR Thousand [+]
Current Account -922.00 -799.50 395.30 -1541.40 EUR Million [+]
Current Account to GDP -6.70 -4.40 3.10 -14.70 percent of GDP [+]
Imports 654140.00 685156.00 1082134.00 13481.00 EUR Thousand [+]
Exports 226163.00 242156.00 888660.00 5946.00 EUR Thousand [+]
Capital Flows -1193.80 -1259.40 1701.50 -1362.60 EUR Million [+]
Remittances 15.00 18.70 34.00 1.00 EUR Million [+]
Tourism Revenues 31700.00 8000.00 431600.00 2800.00 EUR Thousand [+]
Tourist Arrivals 184159.00 100852.00 553845.00 0.00 Persons [+]
Gold Reserves 13.90 13.90 14.48 13.87 Tonnes [+]
Terrorism Index 0.12 0.42 3.19 0.05 [+]
External Debt 192088.20 189307.26 208114.48 90778.90 EUR Million [+]


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.