External balance on goods and services as a percent of GDP in Cyprus
Cyprus: External balance on goods and services as a percent of GDP was 5.7% in 2025. ◆ Volatile
External balance on goods and services as a percent of GDP in Cyprus, 1975–2025
Source: National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data. Measured in % of GDP.
Analysis
The most recent figure for external balance on goods and services as a percent of gdp in Cyprus is 5.7%, measured in 2025. That is the highest value across all 51 years on record.
The figure is up 55.4% on the previous year and up 104.9% over ten years.
Over the whole period, external balance on goods and services as a percent of gdp in Cyprus peaked at 5.7% in 2025 and was at its lowest, -21.2%, in 1975.
That places Cyprus 35th out of 191 countries with data for 2025, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
External balance on goods and services as a percent of GDP in Cyprus, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1975 | -21.2% | — |
| 1976 | -12.9% | -39.3% |
| 1977 | -19.9% | +54.9% |
| 1978 | -20.6% | +3.2% |
| 1979 | -19.1% | -7.3% |
| 1980 | -17.8% | -6.7% |
| 1981 | -13.1% | -26.6% |
| 1982 | -13.3% | +1.9% |
| 1983 | -13.6% | +1.9% |
| 1984 | -12.4% | -8.3% |
| 1985 | -10.1% | -18.9% |
| 1986 | -3.4% | -66.5% |
| 1987 | -3.0% | -11.9% |
| 1988 | -5.4% | +81.9% |
| 1989 | -8.4% | +55.1% |
| 1990 | -5.6% | -33.4% |
| 1991 | -10.0% | +78.5% |
| 1992 | -11.2% | +11.7% |
| 1993 | -0.4% | -96.1% |
| 1994 | -0.4% | -8.4% |
| 1995 | -0.9% | +117.5% |
| 1996 | -0.4% | -49.8% |
| 1997 | -1.4% | +220.9% |
| 1998 | 2.5% | -278.6% |
| 1999 | 2.6% | +6.4% |
| 2000 | 2.4% | -8.1% |
| 2001 | 4.6% | +88.0% |
| 2002 | 1.2% | -74.4% |
| 2003 | 1.5% | +30.0% |
| 2004 | -0.1% | -108.2% |
| 2005 | -0.5% | +329.7% |
| 2006 | -2.9% | +450.8% |
| 2007 | -4.8% | +62.1% |
| 2008 | -12.8% | +168.3% |
| 2009 | -5.3% | -58.1% |
| 2010 | -8.2% | +54.0% |
| 2011 | -3.7% | -54.9% |
| 2012 | -1.8% | -51.8% |
| 2013 | 1.7% | -193.3% |
| 2014 | 1.1% | -36.5% |
| 2015 | 2.8% | +160.4% |
| 2016 | 1.9% | -29.4% |
| 2017 | -0.3% | -117.5% |
| 2018 | 1.4% | -510.9% |
| 2019 | 1.0% | -27.7% |
| 2020 | -1.4% | -235.8% |
| 2021 | 4.7% | -441.1% |
| 2022 | 3.6% | -23.7% |
| 2023 | 2.0% | -43.0% |
| 2024 | 3.6% | +78.4% |
| 2025 | 5.7% | +55.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -18.7% | -21.2% | -12.9% | 5 |
| 1980s | -10.1% | -17.8% | -3.0% | 10 |
| 1990s | -2.5% | -11.2% | 2.6% | 10 |
| 2000s | -1.7% | -12.8% | 4.6% | 10 |
| 2010s | -0.4% | -8.2% | 2.8% | 10 |
| 2020s | 3.0% | -1.4% | 5.7% | 6 |
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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 1.57 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.038 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 1,144 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 11.16 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 122.17 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.2708 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 8,144 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 41.22 % change on previous year (2025)
Frequently asked questions
- What is external balance on goods and services as a percent of gdp in Cyprus?
- External balance on goods and services as a percent of gdp in Cyprus was 5.7% in 2025, according to National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data.
- What is the highest external balance on goods and services as a percent of gdp recorded in Cyprus?
- The highest recorded value was 5.7% in 2025.
- What is the lowest external balance on goods and services as a percent of gdp recorded in Cyprus?
- The lowest recorded value was -21.2% in 1975.
- How does Cyprus rank for external balance on goods and services as a percent of gdp?
- Cyprus ranks 35th out of 191 countries with data for 2025.
- Is external balance on goods and services as a percent of gdp rising or falling in Cyprus?
- Over the last ten years it is up 104.9%. The long-run trend across the full record is volatile.
- Where does this Cyprus data come from?
- The figures come from National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data, published as part of External balance on goods and services as a percent of GDP. Statizoid updates them automatically from the source API.
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About this data
Exports of goods and services minus imports of goods and services divided by gross domestic product, expressed as a percentage.