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.


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Cyprus Current Account

Actual Previous Highest Lowest Dates Unit Frequency
-11.90 -203.60 395.30 -1541.40 2001 - 2019 EUR Million Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2019-03-29 10:00 AM Q4 €-1229.8M €11.7M € -980M
2019-06-28 09:30 AM Q1 €-591.3M €-1229.8M €-460M
2019-10-14 12:00 PM Q2 €-203.6M €-587.9M €-120M
2019-12-30 10:00 AM Q3 €-11.9M €-203.6M €50M
2020-03-31 10:00 AM Q4 €-11.9M € -980M
2020-06-30 09:00 AM Q1 € -360M
2020-09-30 09:00 AM Q2
2020-12-31 10:00 AM Q3


News Stream
Cyprus Current Account Gap Falls in Q3
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.
2019-12-30
Cyprus Current Account Gap Widens in Q2
The current account deficit in Cyprus rose to EUR 203.6 million in the second quarter of 2019 from EUR 88.4 million in the same period a year earlier. The goods gap widened to EUR 1,316 million from EUR 1,164 million a year ago and the services surplus narrowed to EUR 1,416 million from EUR 1,433 million. On the other hand, the primary income shortfall fell to EUR 229 million from EUR 250 million and the secondary income deficit declined to EUR 75 million from EUR 108 million.
2019-10-14
Cyprus Current Account Deficit Widens in Q1
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.
2019-06-28
Cyprus Current Account Deficit Widens in Q4
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.
2019-03-29

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).