The current account deficit in Cyprus widened to EUR 1,207.8 million in the first quarter of 2025, from EUR 947 million in the corresponding period of the previous year. The goods account deficit expanded to EUR 1,651.2 million from EUR 1,348.6 million a year ago, while the primary income gap also rose to EUR 1,081.1 million from EUR 765.3 million. Meanwhile, the services account surplus increased to EUR 1,595.4 million from EUR 1,249.9 million last year, whereas the secondary income shortfall narrowed to EUR 70.9 million from EUR 83.1 million. source: Central Bank of Cyprus

Cyprus recorded a Current Account deficit of 1207.80 EUR Million in the first quarter of 2025. Current Account in Cyprus averaged -318.93 EUR Million from 2001 until 2025, reaching an all time high of 395.30 EUR Million in the third quarter of 2006 and a record low of -2011.50 EUR Million in the first quarter of 2023. This page provides - Cyprus Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Cyprus Current Account - data, historical chart, forecasts and calendar of releases - was last updated on September of 2025.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-05-30 10:00 AM
Current Account
Q4 €-1,463.5M €-44.5M € -220M
2025-07-02 10:20 AM
Current Account
Q1 €-1207.8M €-1463.5M €-1250.0M
2025-09-30 10:00 AM
Current Account
Q2 €-1207.8M


Related Last Previous Unit Reference
Balance of Trade -608200.00 -684135.00 EUR Thousand Jun 2025
Capital Flows -878.50 -1650.40 EUR Million Mar 2025
Current Account -1207.80 -1463.50 EUR Million Mar 2025
Exports 506511.00 321280.00 EUR Thousand Jun 2025
External Debt 243398.76 246167.94 EUR Million Mar 2025
Imports 1114711.00 1005415.00 EUR Thousand Jun 2025
Remittances 23.20 18.00 EUR Million Mar 2025

Cyprus Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).
Actual Previous Highest Lowest Dates Unit Frequency
-1207.80 -1463.50 395.30 -2011.50 2001 - 2025 EUR Million Quarterly

News Stream
Cyprus Current Account Deficit Widens in Q1
The current account deficit in Cyprus widened to EUR 1,207.8 million in the first quarter of 2025, from EUR 947 million in the corresponding period of the previous year. The goods account deficit expanded to EUR 1,651.2 million from EUR 1,348.6 million a year ago, while the primary income gap also rose to EUR 1,081.1 million from EUR 765.3 million. Meanwhile, the services account surplus increased to EUR 1,595.4 million from EUR 1,249.9 million last year, whereas the secondary income shortfall narrowed to EUR 70.9 million from EUR 83.1 million.
2025-07-02
Cyprus Current Account Deficit Largest in Nearly 2 Years
The current account deficit in Cyprus widened to EUR 1,463.5 million in the fourth quarter of 2024, more than doubling from EUR 683.1 million in the same period of the previous year. This marked the largest current account deficit since the first quarter of 2023, as the goods account shortfall increased to EUR 2,249.5 million from EUR 1,551.7 million. Additionally, the services account surplus decreased to EUR 2,036.5 million in Q4 2024, from EUR 2,144.7 million a year earlier. Meanwhile, the primary income deficit narrowed to EUR 1,118.3 million from EUR 1,143 million, and the secondary income shortfall went down to EUR 132.2 million from EUR 132.8 million.
2025-05-30
Cyprus Current Account Deficit Narrows Sharply
The current account deficit in Cyprus narrowed significantly to EUR 29.6 million in the third quarter of 2024 from EUR 369.4 million in the corresponding period of the previous year. The goods account shortfall decreased to EUR 1,663.8 million from EUR 1,761 million in Q3 of 2023, while services account surplus increased to EUR 2,725.6 million from EUR 2,249.8 million. Moreover, the secondary income deficit went down to EUR 106.7 million in Q3 of 2024 from EUR 119.2 million a year earlier. Meanwhile, the primary income shortfall went up to EUR 984.7 million from EUR 739 million.
2025-01-30