Cyprus recorded a Current Account deficit of 7.20 percent of the country's Gross Domestic Product in 2021. source: EUROSTAT

Current Account to GDP in Cyprus averaged -4.84 percent of GDP from 1995 until 2021, reaching an all time high of 3.10 percent of GDP in 1998 and a record low of -14.70 percent of GDP in 2008. This page provides - Cyprus Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Cyprus Current Account to GDP - values, historical data and charts - was last updated on March of 2023.

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Cyprus Current Account to GDP



Related Last Previous Unit Reference
Current Account to GDP -7.20 -10.10 percent of GDP Dec 2021

Cyprus Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.
Actual Previous Highest Lowest Dates Unit Frequency
-7.20 -10.10 3.10 -14.70 1995 - 2021 percent of GDP Yearly