The current account deficit in Cyprus narrowed to EUR 11.9 million in the third quarter of 2019 from EUR 37.6 million in the same period a year earlier. The services surplus increased to EUR 1,562 million from EUR 1,467 million a year ago and the primary income shortfall fell slightly to EUR 223 million from EUR 225 million. In contrast, the goods gap increased to EUR 1,274 million from EUR 1,216 million and the secondary income deficit widened to EUR 77.3 million from EUR 63.9 million. Cyprus Current Account - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.
Current Account in Cyprus averaged -230.10 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. This page provides - Cyprus Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Central Bank of Cyprus
Current Account in Cyprus is expected to be -360.00 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 -920.00 in 12 months time. In the long-term, the Cyprus Current Account is projected to trend around -870.00 EUR Million in 2021, according to our econometric models.