Cyprus recorded a Current Account deficit of 6.70 percent of the country’s Gross Domestic Product in 2019. Current Account to GDP in Cyprus averaged -5.56 percent from 1995 until 2019, reaching an all time high of 3.10 percent in 1998 and a record low of -15.50 percent in 2008. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides – Cyprus Current Account to GDP – actual values, historical data, forecast, chart, statistics, economic calendar and news.