Current account balance as a proportion of GDP in Cyprus
Cyprus: Current account balance as a proportion of GDP was -8.2% in 2024. ◆ Volatile
Current account balance as a proportion of GDP in Cyprus, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
The most recent figure for current account balance as a proportion of gdp in Cyprus is -8.2%, measured in 2024.
The figure is up 15.9% on the previous year and down 100.2% over ten years.
Over the whole period, current account balance as a proportion of gdp in Cyprus peaked at -0.2% in 2015 and was at its lowest, -14.4%, in 2008.
That places Cyprus 167th out of 204 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance as a proportion of GDP in Cyprus, year by year
| Year | % | Change |
|---|---|---|
| 2000 | -4.9% | — |
| 2001 | -3.1% | -36.6% |
| 2002 | -3.3% | +7.1% |
| 2003 | -2.0% | -39.5% |
| 2004 | -4.8% | +137.8% |
| 2005 | -5.3% | +10.3% |
| 2006 | -6.4% | +20.9% |
| 2007 | -7.6% | +19.9% |
| 2008 | -14.4% | +89.1% |
| 2009 | -6.7% | -53.8% |
| 2010 | -10.8% | +61.3% |
| 2011 | -2.1% | -80.5% |
| 2012 | -3.9% | +84.8% |
| 2013 | -1.5% | -61.1% |
| 2014 | -4.1% | +171.2% |
| 2015 | -0.2% | -94.0% |
| 2016 | -3.9% | +1484.9% |
| 2017 | -4.9% | +26.9% |
| 2018 | -3.7% | -23.8% |
| 2019 | -5.5% | +47.6% |
| 2020 | -9.7% | +75.7% |
| 2021 | -5.6% | -42.6% |
| 2022 | -7.0% | +25.3% |
| 2023 | -9.7% | +39.1% |
| 2024 | -8.2% | -15.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -5.8% | -14.4% | -2.0% | 10 |
| 2010s | -4.1% | -10.8% | -0.2% | 10 |
| 2020s | -8.0% | -9.7% | -5.6% | 5 |
Countries ranked near Cyprus
More economy & growth data for Cyprus
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.45 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.98 Percent per annum (2029)
- Gross capital formation (constant 2015 US$), annual growth rate -4.63 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.1506 constant 2015 US$ per US$ of GDP (2025)
- Gross capital formation (constant 2015 US$), per capita 4,529 constant 2015 US$ per person (2025)
- Imports of goods and services (current US$), annual growth rate 7.83 % change on previous year (2025)
- Imports of goods and services (current US$), per unit of GDP 0.9192 current US$ per US$ of GDP (2025)
- Imports of goods and services (current US$), per capita 27,646 current US$ per person (2025)
- Imports of goods and services (current LCU), annual growth rate 3.29 % change on previous year (2025)
- Imports of goods and services (current LCU), per unit of GDP 0.8135 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is current account balance as a proportion of gdp in Cyprus?
- Current account balance as a proportion of gdp in Cyprus was -8.2% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest current account balance as a proportion of gdp recorded in Cyprus?
- The highest recorded value was -0.2% in 2015.
- What is the lowest current account balance as a proportion of gdp recorded in Cyprus?
- The lowest recorded value was -14.4% in 2008.
- How does Cyprus rank for current account balance as a proportion of gdp?
- Cyprus ranks 167th out of 204 countries with data for 2024.
- Is current account balance as a proportion of gdp rising or falling in Cyprus?
- Over the last ten years it is down 100.2%. The long-run trend across the full record is volatile.
- Where does this Cyprus data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Current account balance as a proportion of GDP (%). Statizoid updates them automatically from the source API.
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