Goods balance (credit less debit), Net (credits less debits) (US) in Cyprus
Cyprus: Goods balance (credit less debit), Net (credits less debits) (US) 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) (US) 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% |
Cyprus compared with similar countries
- Cyprus's -7.48 billion is below the median for high income countries, which is -810.36 million, 9.2× the median. (72 countries reporting)
- Cyprus's -7.48 billion is below the median for Europe & Central Asia, which is -3.17 billion, 2.4× the median. (50 countries reporting)
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
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0028 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 84.99 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0021 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 62.06 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0028 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 84.99 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (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.