Primary income balance (credit less debit), Net (credits less debits) in Cyprus
Cyprus: Primary income balance (credit less debit), Net (credits less debits) was -4.06 billion in 2024. ◆ Volatile
Primary income balance (credit less debit), Net (credits less debits) in Cyprus, 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, primary income balance (credit less debit), net (credits less debits) in Cyprus stood at -4.06 billion. That is the lowest value across all 20 years on record.
The figure is down 10.6% on the previous year and down 534.6% over ten years.
Over the whole period, primary income balance (credit less debit), net (credits less debits) in Cyprus peaked at 742.32 million in 2011 and was at its lowest, -4.06 billion, in 2024.
Cyprus ranks 148th of 197 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Primary income balance (credit less debit), Net (credits less debits) in Cyprus, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -611.81 million | — |
| 2006 | -763.86 million | +24.9% |
| 2007 | -382.46 million | -49.9% |
| 2008 | -349.29 million | -8.7% |
| 2009 | -90.41 million | -74.1% |
| 2010 | -384.01 million | +324.7% |
| 2011 | 742.32 million | -293.3% |
| 2012 | -183.54 million | -124.7% |
| 2013 | -305.97 million | +66.7% |
| 2014 | -639.58 million | +109.0% |
| 2015 | -132.63 million | -79.3% |
| 2016 | -831.13 million | +526.7% |
| 2017 | -695.17 million | -16.4% |
| 2018 | -926.61 million | +33.3% |
| 2019 | -1.40 billion | +51.0% |
| 2020 | -1.73 billion | +23.7% |
| 2021 | -2.67 billion | +54.4% |
| 2022 | -2.98 billion | +11.5% |
| 2023 | -3.67 billion | +23.1% |
| 2024 | -4.06 billion | +10.6% |
Cyprus compared with similar countries
- Cyprus's -4.06 billion is below the median for high income countries, which is -896.13 million, 4.5× the median. (72 countries reporting)
- Cyprus's -4.06 billion is below the median for Europe & Central Asia, which is -972.80 million, 4.2× the median. (50 countries reporting)
Biggest year-on-year movements
Years where Primary income balance (credit less debit), Net (credits less debits) in Cyprus changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2016 | -526.7% | -132.63 million | -831.13 million |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -439.57 million | -763.86 million | -90.41 million | 5 |
| 2010s | -475.55 million | -1.40 billion | 742.32 million | 10 |
| 2020s | -3.02 billion | -4.06 billion | -1.73 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 primary income balance (credit less debit), net (credits less debits) in Cyprus?
- Primary income balance (credit less debit), net (credits less debits) in Cyprus was -4.06 billion in 2024, according to International Monetary Fund.
- What is the highest primary income balance (credit less debit), net (credits less debits) recorded in Cyprus?
- The highest recorded value was 742.32 million in 2011.
- What is the lowest primary income balance (credit less debit), net (credits less debits) recorded in Cyprus?
- The lowest recorded value was -4.06 billion in 2024.
- How does Cyprus rank for primary income balance (credit less debit), net (credits less debits)?
- Cyprus ranks 148th out of 197 countries with data for 2024.
- Is primary income balance (credit less debit), net (credits less debits) rising or falling in Cyprus?
- Over the last ten years it is down 534.6%. 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 Primary income 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.