Current Account Balance in Cyprus
The current account balance averaged -4.9% of GDP in the decade to 2022, below the average for Euro Area of 2.2% of GDP. The 2022 reading was USD -7.9% of GDP. For more current account information, visit our dedicated page.
Cyprus Current Account Chart
Note: This chart displays Current Account Balance (% of GDP) for Cyprus from 2022 to 2017.
Source: Macrobond.
Cyprus Current Account Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Current Account Balance (% of GDP) | -5.5 | -9.7 | -5.4 | -5.4 | -9.5 |
| Current Account Balance (EUR bn) | -1.3 | -2.2 | -1.4 | -1.6 | -3.0 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Cypriot current account projections for the next ten years from a panel of 8 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable current account forecast available for Cypriot current account.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Cypriot current account projections.
Want to get access to the full dataset of Cypriot current account forecasts? Send an email to info@focus-economics.com.