Cyprus posted a current account gap of EUR 262.8 million in the second quarter of 2018, swinging from a EUR 69 million surplus in the corresponding period of the previous year. The goods shortfall widened to EUR 1257.5 million from EUR 852.6 million and the primary income deficit went up to EUR 126.8 million from EUR 118.1 million in Q2 2017. Contrarily, the services surplus widened to EUR 1240.1 million from a EUR 1164.6 million a year earlier, mostly due to telecommunications, computer & information services and construction and the secondary income gap narrowed to EUR 118.6 million from EUR 124.9 million. Current Account in Cyprus averaged -267.34 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 -980.00 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 -74.87 in 12 months time. In the long-term, the Cyprus Current Account is projected to trend around -700.00 EUR Million in 2020, according to our econometric models.

Cyprus Current Account
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Calendar GMT Actual Previous Consensus TEForecast
2017-12-29 11:00 AM Current Account €321M €-7.4M €251M
2018-04-19 10:00 AM Current Account €-1094M €321M € -822.4M
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 11:00 AM Current Account €-262.8M €415M
2019-04-19 10:00 AM Current Account € -980M
2019-06-28 10:00 AM Current Account € -720M


Cyprus Trade Last Previous Highest Lowest Unit
Balance of Trade -375364.00 -399608.00 152937.00 -925948.00 EUR Thousand [+]
Exports 333821.00 263370.00 879671.00 5946.00 EUR Thousand [+]
Imports 709185.00 662978.00 1082134.00 13481.00 EUR Thousand [+]
Current Account -262.80 -128.40 395.30 -1541.40 EUR Million [+]
Current Account to GDP -6.70 -4.90 3.10 -15.50 percent [+]
Capital Flows -228.50 310.60 1701.50 -1716.40 EUR Million [+]
Remittances 13.30 16.50 34.00 1.00 EUR Million [+]
Tourism Revenues 378800.00 428200.00 428200.00 28300.00 EUR Thousand [+]
Tourist Arrivals 433617.00 520138.00 539626.00 16748.00 [+]
Gold Reserves 13.90 13.90 14.48 13.87 Tonnes [+]
Terrorism Index 1.89 2.04 3.19 0.05 [+]
External Debt 101246.80 106775.70 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-262.80 -128.40 395.30 -1541.40 2001 - 2018 EUR Million Quarterly




Country Last Previous
Argentina -8292.00 Jun/18
Australia -10688.00 Sep/18
Brazil 329.00 Oct/18
Canada -10343.00 Sep/18
China 160.00 Sep/18
Euro Area 24.07 Sep/18
France -684.00 Oct/18
Germany 15900.00 Oct/18
India -19100.00 Sep/18
Indonesia -8846.10 Sep/18
Italy 3154.00 Sep/18
Japan 1309.90 Oct/18
Mexico -5081.50 Sep/18
Netherlands 16769.50 Jun/18
Russia 26400.00 Sep/18
Saudi Arabia 19181.00 Jun/18
Singapore 23400.20 Sep/18
South Africa -176577.00 Sep/18
South Korea 9190.00 Oct/18
Spain 899.00 Sep/18
Switzerland 22143.83 Jun/18
Turkey 2770.00 Oct/18
United Kingdom -20317.00 Jun/18
United States -101460.00 Jun/18


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