Cyprus recorded a Current Account deficit of 922 EUR Million in the first quarter of 2021. source: Central Bank of Cyprus

Current Account in Cyprus averaged -261.94 EUR Million from 2001 until 2021, 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. Cyprus Current Account - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.

Current Account in Cyprus is expected to be -920.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cyprus Current Account is projected to trend around -870.00 EUR Million in 2022, according to our econometric models.

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Cyprus Current Account

Actual Previous Highest Lowest Dates Unit Frequency
-922.00 -799.50 395.30 -1541.40 2001 - 2021 EUR Million Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2020-10-05 10:00 AM Q2 €-182M €-710M €-230M
2020-12-31 10:00 AM Q3 €-784.2M €-182M
2021-03-31 10:30 AM Q4 €-799.5M €-720.0M
2021-06-30 11:30 AM Q1 €-922.0M €-799.5M
2021-10-05 10:00 AM Q2 €-922.0M
2021-12-31 10:00 AM Q3
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Cyprus Current Account Gap Widens in Q1
The current account deficit in Cyprus rose to EUR 922.0 million in the first quarter of 2021 from EUR 799.5 million in the same period a year earlier. The goods gap widened to EUR 1,254 million from EUR 1,174 million a year ago and the services surplus narrowed to EUR 766.9 million from EUR 482.3 million. Additionally, the primary income balance swang to EUR 338.1 million shortfall to EUR 44.4 million surplus, while the secondary income deficit shortened to EUR 96.2 million from 104.2 million.
2021-06-30
Cyprus Current Account Deficit Widens in Q4
The current account deficit in Cyprus rose to EUR 779.5 million in the fourth quarter of 2020 from EUR 461.2 million in the same period a year earlier. The goods gap widened to EUR 1,345 million from EUR 1,201 million a year ago and the services surplus narrowed to EUR 1,013 million from EUR 1,184 million. In addition, the primary income shortfall rose to EUR 412 million from EUR 376 million, while the secondary income deficit expanded to EUR 73 million from EUR 68 million. Considering full 2020, Cyprus current account deficit jumped to EUR 2476 million compared to EUR 1406 million in 2019.
2021-03-31
Cyprus Current Account Gap Narrows in Q2
The current account deficit in Cyprus narrowed to EUR 182 million in the second quarter of 2020 from EUR 307.9 million a year earlier, mainly due to a big fall in the goods deficit (EUR -655.5 million vs EUR -1282.2 million) as the coronavirus restrictions restricted both exports and imports. The services surplus also shrank markedly (EUR 727.5 million vs EUR 1324.6 million), mainly due to travel. Meanwhile, the primary income gap decreased to EUR 145.4 million from EUR -275.9 million while the secondary income shortfall increased to EUR 108.6 million from EUR 74.4 million.
2020-10-05

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).