Cyprus Current Account to GDP
Cyprus recorded a Current Account deficit of 1.90 percent of the country's Gross Domestic Product in 2013. Current Account to GDP in Cyprus averaged -5.44 Percent from 1995 until 2013, 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.
||1995 - 2013
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.