Cyprus Current Account Balance

Factbook > Countries > Cyprus > Economy

Current Account Balance: -$1.963 billion (2012 est.)
-$2.546 billion (2011 est.)

Definition: This entry records a country's net trade in goods and services, plus net earnings from rents, interest, profits, and dividends, and net transfer payments (such as pension funds and worker remittances) to and from the rest of the world during the period specified. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.

Source: CIA World Factbook - Unless otherwise noted, information in this page is accurate as of February 21, 2013

See Also

Related Data From the International Monetary Fund

Variable: Current account balance

Note: Current account is all transactions other than those in financial and capital items. The major classifications are goods and services, income and current transfers. The focus of the BOP is on transactions (between an economy and the rest of the world) in goods, services, and income.

Units: U.S. dollars

Scale: Billions

Country-specific Note: Source: Eurostat Latest actual data: 2010 Notes: The large break in the series for 1998 is attributed to a significant increase in Income Debits for 1998. The authorities have verified that this is correct. Large changes in Portfolio investment and other investment series in 2008 and 2009 are due to classification changes. BOP Manual used: BPM 5 Primary domestic currency: Euros Data last updated: 09/2011

Source: International Monetary Fund - 2011 World Economic Outlook

YearCurrent account balancePercent Change
1980-0.258 
1981-0.172-33.33 %
1982-0.1783.49 %
1983-0.20515.17 %
1984-0.2228.29 %
1985-0.18-18.92 %
1986-0.019-89.44 %
1987-0.008-57.89 %
1988-0.1081,250.00 %
1989-0.249130.56 %
1990-0.154-38.15 %
1991-0.42172.73 %
1992-0.63851.90 %
19930.11-117.24 %
19940.074-32.73 %
1995-0.205-377.03 %
1996-0.468128.29 %
1997-0.418-10.68 %
19980.292-169.86 %
1999-0.17-158.22 %
2000-0.489187.65 %
2001-0.316-35.38 %
2002-0.40227.22 %
2003-0.301-25.12 %
2004-0.794163.79 %
2005-1.0127.20 %
2006-1.28427.13 %
2007-2.56599.77 %
2008-4.37770.64 %
2009-1.781-59.31 %
2010-1.7940.73 %

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