Cyprus recorded a Current Account deficit of 8.20 percent of the country's Gross Domestic Product in 2024. Current Account to GDP in Cyprus averaged -5.09 percent of GDP from 1995 until 2024, 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. source: EUROSTAT
Current Account to GDP in Cyprus is expected to reach -7.30 percent of GDP by the end of 2026, 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 -6.80 percent of GDP in 2027 and -6.70 percent of GDP in 2028, according to our econometric models.