Goods balance (credit less debit), Net (credits less debits) in Cyprus
Cyprus: Goods balance (credit less debit), Net (credits less debits) was -7.48 billion in 2024. ▼ Falling
Goods balance (credit less debit), Net (credits less debits) in Cyprus, 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, goods balance (credit less debit), net (credits less debits) in Cyprus stood at -7.48 billion.
Compared with earlier readings it is up 6.1% on the previous year and down 71.3% over ten years.
Over the whole period, goods balance (credit less debit), net (credits less debits) in Cyprus peaked at -3.59 billion in 2015 and was at its lowest, -8.44 billion, in 2008.
Cyprus ranks 166th of 198 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 20 years of available data.
Goods balance (credit less debit), Net (credits less debits) in Cyprus, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -3.74 billion | — |
| 2006 | -4.32 billion | +15.5% |
| 2007 | -5.96 billion | +38.0% |
| 2008 | -8.44 billion | +41.6% |
| 2009 | -5.62 billion | -33.4% |
| 2010 | -6.19 billion | +10.2% |
| 2011 | -5.93 billion | -4.2% |
| 2012 | -4.86 billion | -18.1% |
| 2013 | -4.24 billion | -12.7% |
| 2014 | -4.37 billion | +2.9% |
| 2015 | -3.59 billion | -17.9% |
| 2016 | -4.61 billion | +28.6% |
| 2017 | -5.63 billion | +22.1% |
| 2018 | -5.30 billion | -5.9% |
| 2019 | -5.18 billion | -2.3% |
| 2020 | -4.84 billion | -6.5% |
| 2021 | -5.15 billion | +6.4% |
| 2022 | -6.09 billion | +18.3% |
| 2023 | -7.97 billion | +30.7% |
| 2024 | -7.48 billion | -6.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -5.62 billion | -8.44 billion | -3.74 billion | 5 |
| 2010s | -4.99 billion | -6.19 billion | -3.59 billion | 10 |
| 2020s | -6.31 billion | -7.97 billion | -4.84 billion | 5 |
Countries ranked near Cyprus
More financial sector data for Cyprus
- Net domestic credit (current LCU), per capita 18,337 current LCU per person (2024)
- Net domestic credit (current LCU), per unit of GDP 0.6618 current LCU per US$ of GDP (2024)
- Net domestic credit (current LCU), annual growth rate -0.4317 % change on previous year (2024)
- Gold reserves at 35 SDRs per ounce 15.61 million SDR (2025)
- Gold reserves at market value 1.42 billion SDR (2025)
- Reserves excluding gold, foreign exchange 216.14 million SDR (2025)
- Reserves excluding gold 729.85 million SDR (2025)
- Total reserves (gold at market value) 2.15 billion SDR (2025)
- Total reserves (gold at national valuation) 2.13 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 1,557 SDR per person (2025)
Frequently asked questions
- What is goods balance (credit less debit), net (credits less debits) in Cyprus?
- Goods balance (credit less debit), net (credits less debits) in Cyprus was -7.48 billion in 2024, according to International Monetary Fund.
- What is the highest goods balance (credit less debit), net (credits less debits) recorded in Cyprus?
- The highest recorded value was -3.59 billion in 2015.
- What is the lowest goods balance (credit less debit), net (credits less debits) recorded in Cyprus?
- The lowest recorded value was -8.44 billion in 2008.
- How does Cyprus rank for goods balance (credit less debit), net (credits less debits)?
- Cyprus ranks 166th out of 198 countries with data for 2024.
- Is goods balance (credit less debit), net (credits less debits) rising or falling in Cyprus?
- Over the last ten years it is down 71.3%. The long-run trend across the full record is falling.
- Where does this Cyprus data come from?
- The figures come from International Monetary Fund, published as part of Goods 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.