Current account balance (credit less debit), Net (credits less debits) in Cyprus
Cyprus: Current account balance (credit less debit), Net (credits less debits) was -3.07 billion in 2024. ◆ Volatile
Current account balance (credit less debit), Net (credits less debits) in Cyprus, 2005–2024
Source: International Monetary Fund.
Analysis
Cyprus recorded -3.07 billion for current account balance (credit less debit), net (credits less debits) in 2024.
The figure is up 9.8% on the previous year and down 224.3% over ten years.
Over the whole period, current account balance (credit less debit), net (credits less debits) in Cyprus peaked at -48.62 million in 2015 and was at its lowest, -4.02 billion, in 2008.
Cyprus ranks 166th of 198 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance (credit less debit), Net (credits less debits) in Cyprus, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -970.86 million | — |
| 2006 | -1.28 billion | +31.7% |
| 2007 | -1.83 billion | +43.2% |
| 2008 | -4.02 billion | +119.7% |
| 2009 | -1.74 billion | -56.8% |
| 2010 | -2.78 billion | +59.8% |
| 2011 | -578.66 million | -79.2% |
| 2012 | -968.99 million | +67.5% |
| 2013 | -360.15 million | -62.8% |
| 2014 | -946.72 million | +162.9% |
| 2015 | -48.62 million | -94.9% |
| 2016 | -814.52 million | +1575.4% |
| 2017 | -1.13 billion | +38.4% |
| 2018 | -963.50 million | -14.5% |
| 2019 | -1.45 billion | +50.2% |
| 2020 | -2.48 billion | +71.4% |
| 2021 | -1.69 billion | -31.8% |
| 2022 | -2.18 billion | +28.8% |
| 2023 | -3.40 billion | +56.3% |
| 2024 | -3.07 billion | -9.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -1.97 billion | -4.02 billion | -970.86 million | 5 |
| 2010s | -1.00 billion | -2.78 billion | -48.62 million | 10 |
| 2020s | -2.56 billion | -3.40 billion | -1.69 billion | 5 |
Countries ranked near Cyprus
- 163 Algeria -2.75 billion compare
- 164 West Bank and Gaza -2.90 billion compare
- 165 Republic of Moldova -3.01 billion compare
- 167 Jordan -3.13 billion compare
- 168 Afghanistan -3.14 billion compare
- 169 Ethiopia -3.79 billion compare
More financial sector data for Cyprus
- Total reserves in months of imports, annual growth rate 60.58 % change on previous year (2025)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2025)
- Total reserves in months of imports, per capita 0 units per person (2025)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 11.41 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.0052 SDR per US$ of GDP (2025)
- Reserves excluding gold, foreign exchange (SDR), per capita 157.68 SDR per person (2025)
- Reserves excluding gold (SDR), annual growth rate 3.35 % change on previous year (2025)
- Reserves excluding gold (SDR), per capita 532.45 SDR per person (2025)
- Total reserves (gold at market value) (SDR), annual growth rate 34.48 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), per capita 1,570 SDR per person (2025)
Frequently asked questions
- What is current account balance (credit less debit), net (credits less debits) in Cyprus?
- Current account balance (credit less debit), net (credits less debits) in Cyprus was -3.07 billion in 2024, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), net (credits less debits) recorded in Cyprus?
- The highest recorded value was -48.62 million in 2015.
- What is the lowest current account balance (credit less debit), net (credits less debits) recorded in Cyprus?
- The lowest recorded value was -4.02 billion in 2008.
- How does Cyprus rank for current account balance (credit less debit), net (credits less debits)?
- Cyprus ranks 166th out of 198 countries with data for 2024.
- Is current account balance (credit less debit), net (credits less debits) rising or falling in Cyprus?
- Over the last ten years it is down 224.3%. The long-run trend across the full record is volatile.
- Where does this Cyprus data come from?
- The figures come from International Monetary Fund, published as part of Current account balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.