The current account deficit in Cyprus widened to EUR 591 million in the first quarter of 2019 from EUR 149 million in the same period last year, as the goods deficit increased to EUR 879 million from EUR 462 million while the services surplus declined to EUR 404 million from EUR 573 million. On the other hand, the primary income gap shrank to EUR 55 million from EUR 153 million a year ago and the secondary income deficit dropped to EUR 61 million from EUR 106 million. Current Account in Cyprus averaged -279.11 EUR Million from 2001 until 2019, 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 -120.00 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 -360.00 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
2018-10-01 08:55 AM Current Account Q2 €-262.8M €-128.4M €-34M
2018-12-28 10:30 AM Current Account Q3 €52.0M €-262.8M €415M
2019-03-29 10:00 AM Current Account Q4 €-1229.8M €11.7M € -980M
2019-06-28 09:30 AM Current Account Q1 €-591.3M €-1229.8M €-460M
2019-09-30 09:00 AM Current Account Q2 €-591.3M €-120M
2019-12-30 10:00 AM Current Account Q3 €50M


Cyprus Trade Last Previous Highest Lowest Unit
Balance of Trade -471932.00 -506285.00 152950.00 -925948.00 EUR Thousand [+]
Current Account -591.30 -1229.80 395.30 -1541.40 EUR Million [+]
Current Account to GDP -7.00 -8.40 3.10 -15.50 percent [+]
Imports 718485.00 734147.00 1082134.00 13481.00 EUR Thousand [+]
Exports 246553.00 227862.00 882891.00 5946.00 EUR Thousand [+]
Capital Flows -96.50 -713.00 1701.50 -1716.40 EUR Million [+]
Remittances 17.30 20.40 34.00 1.00 EUR Million [+]
Tourism Revenues 350400.00 277600.00 428200.00 28300.00 EUR Thousand [+]
Tourist Arrivals 553845.00 550971.00 553845.00 16748.00 Units [+]
Gold Reserves 13.90 13.90 14.48 13.87 Tonnes [+]
Terrorism Index 1.21 1.89 3.19 0.05 [+]
External Debt 101906.10 102533.24 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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-591.30 -1229.80 395.30 -1541.40 2001 - 2019 EUR Million Quarterly




Country Last Previous
Argentina -3849.43 Mar/19
Australia 5853.00 Jun/19
Brazil -9034.90 Jul/19
Canada -6380.00 Jun/19
China 570.00 Jun/19
Euro Area 29.84 Jul/19
France 173.00 Jul/19
Germany 22100.00 Jul/19
India -4600.00 Mar/19
Indonesia -8442.80 Jun/19
Italy 8420.80 Jul/19
Japan 1999.92 Jul/19
Mexico 5142.70 Jun/19
Netherlands 18079.00 Mar/19
Russia 12100.00 Jun/19
Saudi Arabia 11518.00 Mar/19
Singapore 21497.50 Jun/19
South Africa -204100.00 Jun/19
South Korea 6949.40 Jul/19
Spain 2050.00 Jun/19
Switzerland 21272.85 Jun/19
Turkey 1158.00 Jul/19
United Kingdom -30045.00 Mar/19
United States -128188.00 Jun/19


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