Current account balance as a proportion of gdp in Cyprus
Cyprus: Current account balance as a proportion of gdp was -11.47 in 2023. ◆ Volatile
Latest (2023)
-11.47
Change on year
down 50.7%
World rank
168th
of 191 countries
All-time high
-0.42
in 2015
All-time low
-14.44
in 2008
Years of data
24
2000–2023
Current account balance as a proportion of gdp in Cyprus, 2000–2023
Source: Our World in Data.
Analysis
Cyprus recorded -11.47 for current account balance as a proportion of gdp in 2023.
The figure is down 50.7% on the previous year and down 685.6% over ten years.
Over the whole period, current account balance as a proportion of gdp in Cyprus peaked at -0.42 in 2015 and was at its lowest, -14.44, in 2008.
That places Cyprus 168th out of 191 countries with data for 2023, 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 | Value | Change |
|---|---|---|
| 2000 | -4.89 | — |
| 2001 | -3.1 | -36.6% |
| 2002 | -3.32 | +7.1% |
| 2003 | -2.01 | -39.5% |
| 2004 | -4.77 | +137.3% |
| 2005 | -5.27 | +10.5% |
| 2006 | -6.37 | +20.9% |
| 2007 | -7.64 | +19.9% |
| 2008 | -14.44 | +89.0% |
| 2009 | -6.67 | -53.8% |
| 2010 | -10.85 | +62.7% |
| 2011 | -2.19 | -79.8% |
| 2012 | -3.99 | +82.2% |
| 2013 | -1.46 | -63.4% |
| 2014 | -4.12 | +182.2% |
| 2015 | -0.42 | -89.8% |
| 2016 | -4.1 | +876.2% |
| 2017 | -4.94 | +20.5% |
| 2018 | -3.79 | -23.3% |
| 2019 | -5.51 | +45.4% |
| 2020 | -9.87 | +79.1% |
| 2021 | -5.97 | -39.5% |
| 2022 | -7.61 | +27.5% |
| 2023 | -11.47 | +50.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -5.85 | -14.44 | -2.01 | 10 |
| 2010s | -4.14 | -10.85 | -0.42 | 10 |
| 2020s | -8.73 | -11.47 | -5.97 | 4 |
Countries ranked near Cyprus
- 165 Solomon Islands -10.91 compare
- 166 Montenegro -11.31 compare
- 167 Republic of Moldova -11.45 compare
- 169 Mozambique -11.58 compare
- 170 Rwanda -11.73 compare
- 171 Senegal -12.09 compare
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)
- GDP (current US$), annual growth rate 9.54 % change on previous year (2025)
- GDP (current US$), per capita 30,075 current US$ per person (2025)
- GDP (current LCU), annual growth rate 4.93 % change on previous year (2025)
- GDP (current LCU), per unit of GDP 0.885 current LCU per US$ of GDP (2025)
- GDP (current LCU), per capita 26,616 current LCU per person (2025)
- GDP (constant 2015 US$), annual growth rate 3.77 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.8024 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 24,132 constant 2015 US$ per person (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 -11.47 in 2023, according to Our World in Data.
- What is the highest current account balance as a proportion of gdp recorded in Cyprus?
- The highest recorded value was -0.42 in 2015.
- What is the lowest current account balance as a proportion of gdp recorded in Cyprus?
- The lowest recorded value was -14.44 in 2008.
- How does Cyprus rank for current account balance as a proportion of gdp?
- Cyprus ranks 168th out of 191 countries with data for 2023.
- Is current account balance as a proportion of gdp rising or falling in Cyprus?
- Over the last ten years it is down 685.6%. The long-run trend across the full record is volatile.
- Where does this Cyprus data come from?
- The figures come from Our World in Data, published as part of Current account balance as a proportion of gdp. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (Our World in Data).