Trade Balance in Cyprus

Cyprus Trade Balance (EUR) | Economic News & Forecasts

Cyprus - Trade Balance (Euros)

Upbeat momentum seems to have largely carried over into Q1 2022, after GDP expanded at a quicker annual pace in Q4 2021. Industrial production gained steam in January–February compared to the fourth quarter, while the unemployment rate hit a two-year low in February, boding well for household spending. That said, the economic panorama darkened in the second half of the quarter due to the fallout from the war in Ukraine. After improving in January–February, both business and consumer confidence dove in March, hinting at softening private sector conditions. The economic situation worsened further in April, as surging energy and food prices likely capped household spending growth, while the reliance of certain industries—predominantly the tourism and professional services sectors—on Russian clients will hamper economic activity amid constraining international sanctions against Moscow.

Cyprus - Trade Balance (EUR) Data

2015   2016   2017   2018   2019  
Trade Balance (EUR billion)-3.2  -4.2  -5.0  -4.7  -4.7  

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Cyprus Trade Balance (EUR) 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

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