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 168th out of 205 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% |
Cyprus compared with similar countries
- Cyprus's -8.2% is below the median for high income countries, which is 1.6%. (69 countries reporting)
- Cyprus's -8.2% is below the median for Europe & Central Asia, which is -0.7%, 11.5× the median. (50 countries reporting)
Biggest year-on-year movements
Years where Current account balance as a proportion of GDP (%) in Cyprus changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2016 | -1484.9% | -0.2% | -3.9% |
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
- Real gdp growth, annual growth rate -4.42 % change on previous year (2025)
- 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)
- SDRs holdings, US dollar, annual growth rate 5.38 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0142 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 428.26 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.3528 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0104 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 312.71 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (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 168th out of 205 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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