Cyprus Current Account Balance
Current account balance as % of GDP BN.CAB.XOKA.GD.ZS
Cyprus's current account balance was -8.46% in 2025, ranked 162nd globally. This represents a 3.7% decrease from 2024. Data from World Bank, covering 1976–2025.
Overview
Cyprus's current account balance stood at -8.46% in 2025, a decline of +0.30% from 2024. The IMF projects -8.46% by 2025. Cyprus ranked 162nd globally.
Cyprus's current account balance has fluctuated significantly over the past five decades, reflecting the country's diverse economic landscape. The all-time peak of 2.84 in 1998 marked a period of relative stability and economic growth, whereas the trough of -19.19 in 1978 highlights the challenges faced by the island nation during a tumultuous era. As of 2025, Cyprus's current account balance has declined to -8.46, a ranking of #162 globally, outpaced by countries such as the Kyrgyz Republic, which achieved a comparable balance of -8.38. The current account deficit reflects a reliance on imports and a decrease in exports, which may be attributed to various factors including the country's economic integration with the European Union. A potential shift in the country's economic trajectory could occur if Cyprus successfully diversifies its exports and enhances its trade relationships with neighboring nations, thereby reducing its reliance on imports and improving the balance of payments.
Data & projection
| Year | Current Account Balance | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | -9.98% | - | - |
| 2029* IMF | -10.05% | - | - |
| 2028* IMF | -9.85% | - | - |
| 2027* IMF | -9.41% | - | - |
| 2026* IMF | -9.09% | - | - |
| 2025* IMF | -8.46% | - | - |
| 2025 | -8.46% | −0.30% | #162 |
| 2024 | -8.16% | +3.19% | #31 |
| 2023 | -9.70% | −2.77% | #27 |
| 2022 | -6.98% | −1.49% | #58 |
| 2021 | -5.57% | +4.13% | #59 |
| 2020 | -9.71% | −4.19% | #37 |
| 2019 | -5.52% | −1.64% | #52 |
| 2018 | -3.74% | +1.27% | #76 |
| 2017 | -4.91% | −0.96% | #60 |
| 2016 | -3.87% | −3.60% | #81 |
| 2015 | -0.24% | +3.76% | #133 |
| 2014 | -4.08% | −2.56% | #80 |
| 2013 | -1.50% | +2.24% | #118 |
| 2012 | -3.87% | −1.66% | #89 |
| 2011 | -2.09% | +8.53% | #113 |
Detected Pattern
Analysis
Cyprus matched the Export Boom Cycle pattern in 1994. Historically, 71% of countries showing this pattern (546 out of 768) saw current account balance improve within 24 months. View full analysis →
Frequently Asked Questions
Cyprus's current account balance was -8.46% in 2025. Ranked 162nd globally. This represents a 3.7% decrease from the previous year.
Cyprus's current account balance peaked at 2.84% in 1998.
The lowest current account balance in Cyprus was -19.19% in 1978.
Cyprus ranks 162nd globally in current account balance as of 2025.
The World Bank indicator code is BN.CAB.XOKA.GD.ZS. Data sourced from World Bank.
Cyprus's current account balance is projected to reach -8.46% by 2025 based on IMF projection.
The current account balance of Cyprus in 2025 was -8.46%. This ranks 162nd in the world.
Cite this page
@misc{historysaid_cyprus_current-account,
title = {Cyprus Current Account Balance},
url = {https://historysaid.com/cyprus/current-account/},
publisher = {HistorySaid},
year = {2026}
}