Trade Balance in Cyprus

Cyprus Trade Balance | Economic News & Forecasts

Cyprus - Trade Balance

A second release confirmed that GDP growth cooled in the third quarter, on the heels of moderating domestic activity. Household and public spending expanded at a slower pace, while capital spending contracted compared to the prior quarter. Meanwhile, exports of goods and services gained traction in the period, largely on rising numbers of tourist arrivals and easing Covid-19 cases domestically and in the region. Turning to Q4, household spending has likely waned further in the final stretch of the year, as suggested by a rising unemployment rate in October and deteriorating consumer sentiment in October–November. On top of this, elevated price pressures and tighter Covid-19 curbs from mid-December, amid rising new cases, will have also weighed on domestic activity. More positively, surging merchandise export growth in October—the joint highest in nearly three years—bodes well for the external sector.

Cyprus - Trade Balance Data

2015   2016   2017   2018   2019  
Trade Balance (USD billion)-3.8  -4.9  -6.0  -5.7  -5.8  

Sample Report

5 years of economic forecasts for more than 30 economic indicators.

Download

Cyprus Trade Balance Chart


Cyprus Trade
Note: Trade balance (in EUR bn).
Source: National Statistical Service and FocusEconomics calculations.

Cyprus Facts

Value Change Date
Exchange Rate1.120.65 %Dec 31

Sample Report

Get a sample report showing our regional, country and commodities data and analysis.

Download

Request a Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Economic News

Search form