Services balance (credit less debit), Net (credits less debits) (US) in Cyprus
Cyprus: Services balance (credit less debit), Net (credits less debits) (US) was 8.86 billion in 2024. ▲ Rising
Services balance (credit less debit), Net (credits less debits) in Cyprus, 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, services balance (credit less debit), net (credits less debits) in Cyprus stood at 8.86 billion. That is the highest value across all 20 years on record.
That represents a change of up 2.0% on the previous year and up 92.5% over ten years.
Over the whole period, services balance (credit less debit), net (credits less debits) in Cyprus peaked at 8.86 billion in 2024 and was at its lowest, 3.29 billion, in 2005.
That places Cyprus 24th out of 197 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 20 years of available data.
Services balance (credit less debit), Net (credits less debits) (US) in Cyprus, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 3.29 billion | — |
| 2006 | 3.60 billion | +9.4% |
| 2007 | 4.53 billion | +25.7% |
| 2008 | 4.86 billion | +7.5% |
| 2009 | 4.25 billion | -12.6% |
| 2010 | 4.06 billion | -4.6% |
| 2011 | 4.92 billion | +21.3% |
| 2012 | 4.39 billion | -10.8% |
| 2013 | 4.64 billion | +5.6% |
| 2014 | 4.60 billion | -0.7% |
| 2015 | 4.14 billion | -10.1% |
| 2016 | 5.04 billion | +21.7% |
| 2017 | 5.57 billion | +10.7% |
| 2018 | 5.70 billion | +2.2% |
| 2019 | 5.44 billion | -4.5% |
| 2020 | 4.50 billion | -17.2% |
| 2021 | 6.54 billion | +45.2% |
| 2022 | 7.17 billion | +9.6% |
| 2023 | 8.69 billion | +21.2% |
| 2024 | 8.86 billion | +2.0% |
Cyprus compared with similar countries
- Cyprus's 8.86 billion is above the median for high income countries, which is 910.63 million, 9.7× the median. (72 countries reporting)
- Cyprus's 8.86 billion is above the median for Europe & Central Asia, which is 2.79 billion, 3.2× the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.11 billion | 3.29 billion | 4.86 billion | 5 |
| 2010s | 4.85 billion | 4.06 billion | 5.70 billion | 10 |
| 2020s | 7.15 billion | 4.50 billion | 8.86 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 services balance (credit less debit), net (credits less debits) in Cyprus?
- Services balance (credit less debit), net (credits less debits) in Cyprus was 8.86 billion in 2024, according to International Monetary Fund.
- What is the highest services balance (credit less debit), net (credits less debits) recorded in Cyprus?
- The highest recorded value was 8.86 billion in 2024.
- What is the lowest services balance (credit less debit), net (credits less debits) recorded in Cyprus?
- The lowest recorded value was 3.29 billion in 2005.
- How does Cyprus rank for services balance (credit less debit), net (credits less debits)?
- Cyprus ranks 24th out of 197 countries with data for 2024.
- Is services balance (credit less debit), net (credits less debits) rising or falling in Cyprus?
- Over the last ten years it is up 92.5%. The long-run trend across the full record is rising.
- Where does this Cyprus data come from?
- The figures come from International Monetary Fund, published as part of Services 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.