Cyprus Current Account to GDP  1995-2016 | Data | Chart | Calendar

Cyprus is expected to record a current account deficit equivalent to 4.8 percent of GDP in 2015, according to European Commission's Winter 2016 Economic Forecast. Current Account to GDP in Cyprus averaged -5.48 percent from 1995 until 2014, reaching an all time high of 3.10 percent in 1998 and a record low of -15.60 percent in 2008. Current Account to GDP in Cyprus is reported by the Eurostat.

Cyprus Current Account to GDP
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Actual Previous Highest Lowest Dates Unit Frequency
-4.80 -3.00 3.10 -15.60 1995 - 2015 percent Yearly
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. This page provides - Cyprus Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Cyprus Current Account to GDP - actual data, historical chart and calendar of releases - was last updated on July of 2016.


Cyprus Trade Last Previous Highest Lowest Unit
Balance of Trade -876144.00 -251489.00 1931.00 -876144.00 EUR Thousand [+]
Exports 135854.00 153795.00 260219.00 5946.00 EUR Thousand [+]
Imports 1011998.00 405284.00 1011998.00 13481.00 EUR Thousand [+]
Current Account -39.10 -110.10 395.30 -1541.40 EUR Million [+]
Current Account to GDP -4.80 -3.00 3.10 -15.60 percent [+]
Capital Flows 262.90 -546.10 1701.50 -1027.50 EUR Million [+]
Remittances 13.70 9.00 34.00 1.00 EUR Million [+]
Tourism Revenues 137900.00 80900.00 358500.00 28300.00 EUR Thousand [+]
Tourist Arrivals 413114.00 364943.00 414527.00 16748.00 [+]
Gold Reserves 13.90 13.90 14.48 13.87 Tonnes [+]
External Debt 101708.77 102488.04 119576.00 52152.00 EUR Million [+]
Terrorism Index 3.08 3.19 3.19 0.05 [+]




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