External balance on goods and services in Cyprus
Cyprus: External balance on goods and services was 5.7% in 2025. ◆ Volatile
External balance on goods and services in Cyprus, 1975–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
In 2025, external balance on goods and services in Cyprus stood at 5.7%. That is the highest value across all 51 years on record.
Compared with earlier readings it 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 in Cyprus peaked at 5.7% in 2025 and was at its lowest, -21.2%, in 1975.
That places Cyprus 35th out of 193 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 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)
- Households and NPISHs Final consumption expenditure (current LCU) 3.7 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 0.5009 current LCU per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 15,066 current LCU per person (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 3.32 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.484 constant 2015 US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 14,556 constant 2015 US$ per person (2025)
- Final consumption expenditure (current US$), annual growth rate 8.68 % change on previous year (2025)
- Final consumption expenditure (current US$), per unit of GDP 0.7509 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is external balance on goods and services in Cyprus?
- External balance on goods and services in Cyprus was 5.7% in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest external balance on goods and services recorded in Cyprus?
- The highest recorded value was 5.7% in 2025.
- What is the lowest external balance on goods and services recorded in Cyprus?
- The lowest recorded value was -21.2% in 1975.
- How does Cyprus rank for external balance on goods and services?
- Cyprus ranks 35th out of 193 countries with data for 2025.
- Is external balance on goods and services 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 Country official statistics, National Statistical Organizations and/or Central Banks, published as part of External balance on goods and services (% of GDP). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.