The current account deficit in Cyprus widened to EUR 1,229.8 million in the fourth quarter of 2018 from EUR 1,196.2 million in the same period last year, as the secondary income gap increased to EUR 122.7 million from EUR 106.6 million while the services surplus declined sharply to EUR 775.8 million from EUR 1,019.7 million. On the other hand, the goods deficit shrank to EUR 1,725.8 million from EUR 1,935.6 million a year ago and the primary income gap fell to EUR 157 million from EUR 173.7 million. Considering 2018 full year, the current account deficit narrowed to EUR 1.46 billion from EUR 1.64 billion in 2017. Current Account in Cyprus averaged -274.77 EUR Million from 2001 until 2018, reaching an all time high of 395.30 EUR Million in the third quarter of 2006 and a record low of -1541.40 EUR Million in the fourth quarter of 2007.

Current Account in Cyprus is expected to be -460.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Cyprus to stand at -980.00 in 12 months time. In the long-term, the Cyprus Current Account is projected to trend around -870.00 EUR Million in 2020, according to our econometric models.

Cyprus Current Account
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Calendar GMT Actual Previous Consensus TEForecast
2018-06-29 10:00 AM Current Account €-86.3M €-1094M €-690M
2018-10-01 08:55 AM Current Account €-262.8M €-128.4M €-34M
2018-12-28 10:30 AM Current Account €52.0M €-262.8M €415M
2019-03-29 10:00 AM Current Account €-1229.8M €11.7M € -980M
2019-06-28 09:00 AM Current Account €-1229.8M €-460M
2019-10-01 09:00 AM Current Account €-120M
2019-12-27 10:00 AM Current Account €50M


Cyprus Trade Last Previous Highest Lowest Unit
Balance of Trade -379361.00 -277621.00 152950.00 -925948.00 EUR Thousand [+]
Current Account -1229.80 11.70 395.30 -1541.40 EUR Million [+]
Current Account to GDP -7.00 -8.40 3.10 -15.50 percent [+]
Imports 552284.00 811235.00 1082134.00 13481.00 EUR Thousand [+]
Exports 172923.00 533614.00 882891.00 5946.00 EUR Thousand [+]
Capital Flows -713.00 344.00 1701.50 -1716.40 EUR Million [+]
Remittances 13.00 13.30 34.00 1.00 EUR Million [+]
Tourism Revenues 39600.00 56400.00 428200.00 28300.00 EUR Thousand [+]
Tourist Arrivals 105571.00 81970.00 539626.00 16748.00 [+]
Gold Reserves 13.90 13.90 14.48 13.87 Tonnes [+]
Terrorism Index 1.21 1.89 3.19 0.05 [+]
External Debt 102533.24 103957.21 161624.10 90778.90 EUR Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Cyprus Current Account

Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). This page provides - Cyprus Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Cyprus Current Account - actual data, historical chart and calendar of releases - was last updated on April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-1229.80 11.70 395.30 -1541.40 2001 - 2018 EUR Million Quarterly




Country Last Previous
Argentina -2317.00 Dec/18
Australia -7203.00 Dec/18
Brazil -1134.00 Feb/19
Canada -15483.00 Dec/18
China 545.99 Dec/18
Euro Area 15.50 Feb/19
France -778.00 Feb/19
Germany 16300.00 Feb/19
India -16899.55 Dec/18
Indonesia -9148.00 Dec/18
Italy 3252.80 Feb/19
Japan 2676.85 Feb/19
Mexico -3424.00 Dec/18
Netherlands 27505.30 Dec/18
Russia 32800.00 Mar/19
Saudi Arabia 18521.00 Dec/18
Singapore 17796.10 Dec/18
South Africa -110158.00 Dec/18
South Korea 3601.90 Feb/19
Spain -1472.00 Jan/19
Switzerland 15181.70 Dec/18
Turkey -718.00 Feb/19
United Kingdom -23707.00 Dec/18
United States -134377.00 Dec/18


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