Cyprus Current Account to GDP

Cyprus recorded a Current Account deficit of 6 percent of the countrys Gross Domestic Product in 2012. Current Account to GDP in Cyprus is reported by the Eurostat. From 1995 until 2012, Cyprus Current Account to GDP averaged -5.6 Percent reaching an all time high of 3.1 Percent in December of 1998 and a record low of -15.6 Percent in December of 2008. 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. 2014-04-25

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-6.00 -4.20 3.10 -15.60 -5.08 | 2014/06 1995 - 2012 Percent Yearly

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Cyprus Current Account to GDP
LIST BY COUNTRY

Trade Last Previous Highest Lowest Forecast Unit
Balance of Trade -213393.00 2014-02-15 -270947.00 1931.00 -672592.00 -263792.04 2014-03-31 EUR Thousand [+]
Current Account -270.00 2013-11-15 184.60 395.30 -1541.40 -190.54 2014-03-31 EUR Million [+]
Current Account to GDP -6.00 2012-12-31 -4.20 3.10 -15.60 -5.08 2014-06-30 Percent [+]
Exports 106861.00 2014-02-15 110791.00 200229.00 5946.00 119593.57 2014-03-31 EUR Thousand [+]
Imports 320254.00 2014-02-15 381738.00 784701.00 13481.00 360622.04 2014-03-31 EUR Thousand [+]
Capital Flows 391.40 2013-11-15 53.60 1701.50 -663.80 290.81 2014-03-31 EUR Million [+]
Gold Reserves 13.87 2013-12-31 13.87 14.48 13.87 Tonnes [+]
Remittances 13.00 2013-11-15 11.00 34.00 1.00 16.23 2014-03-31 EUR Million [+]
Tourist Arrivals 77533.00 2014-03-15 45227.00 373385.00 16748.00 [+]
[+]


Current Account to GDP | Notes
The Current account balance as a percent of GDP provides an indication on the level of international competiveness 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.


RELATED NEWS

Cyprus Balance of Trade at -213393.00 EUR Thousand  
Cyprus recorded a trade deficit of 213393 EUR Thousand in February of 2014. Balance of Trade in Cyprus is reported by the Statistical Service of the Republic of Cyprus.
Cyprus Current Account at -270.00 EUR Million  
Cyprus recorded a Current Account deficit of 270 EUR Million in the fourth quarter of 2013. Current Account in Cyprus is reported by the Central Bank of Cyprus.
Cyprus Exports at 106861.00 EUR Thousand  
Exports in Cyprus decreased to 106861 EUR Thousand in February of 2014 from 110791 EUR Thousand in January of 2014. Exports in Cyprus is reported by the Statistical Service of the Republic of Cyprus.
Cyprus Imports at 320254.00 EUR Thousand  
Imports in Cyprus decreased to 320254 EUR Thousand in February of 2014 from 381738 EUR Thousand in January of 2014. Imports in Cyprus is reported by the Statistical Service of the Republic of Cyprus.
Cyprus Industrial Production at -6.62 Percent  
Industrial Production in Cyprus decreased 6.62 percent in January of 2014 over the same month in the previous year. Industrial Production in Cyprus is reported by the Statistical Service of the Republic of Cyprus.
Cyprus Inflation Rate at -2.29 Percent  
The inflation rate in Cyprus was recorded at -2.29 percent in March of 2014. Inflation Rate in Cyprus is reported by the Statistical Service of the Republic of Cyprus.
Cyprus Unemployment Rate at 16.70 Percent  
Unemployment Rate in Cyprus increased to 16.70 percent in February of 2014 from 16.50 percent in January of 2014. Unemployment Rate in Cyprus is reported by the Eurostat.
Cyprus Business Confidence at 93.50  
Business Confidence in Cyprus increased to 93.50 in March of 2014 from 92.90 in February of 2014. Business Confidence in Cyprus is reported by the European Commission.
Cyprus Capital Flows at 391.40 EUR Million  
Capital Flows in Cyprus increased to 391.40 EUR Million in the fourth quarter of 2013 from 53.60 EUR Million in the third quarter of 2013. Capital Flows in Cyprus is reported by the Central Bank of Cyprus.
Cyprus Changes in Inventories at 100.60 EUR Million  
Changes in Inventories in Cyprus increased to 100.60 EUR Million in the fourth quarter of 2013 from -56 EUR Million in the third quarter of 2013. Changes in Inventories in Cyprus is reported by the Statistical Service of the Republic of Cyprus.
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