Cyprus's external balance on goods and services (current LCU) was 2.06 billion in 2025, the latest year in the World Bank's World Development Indicators. That is up 316.6% from 494.93 million in 2015 (15.34% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 2.06 billion | 2025 |
| Five years earlier | -307.46 million | 2020 |
| Ten years earlier | 494.93 million | 2015 |
| Highest | 2.06 billion | 2025 |
| Lowest | -2.43 billion | 2008 |
| Average since 2016 | 678.8 million | 2016–2025 |
| First recorded | -93.12 million |
What the numbers say
In 2025, Cyprus' external balance on goods and services (current LCU) rose 797.09 million on 2024 (from 1.26 billion to 2.06 billion).
Across the 30 yearly changes before that (1995 to 2024), the average change was +42.99 million and a typical year strayed about 600.95 million from that (the standard deviation). This year's change was 1.3 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was 1.51 billion in 2021 and the biggest yearly fall was 1.59 billion in 2008. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2016 to 2025 the straight-line trend is upward, about 183.82 million a year. A straight line explains 60% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2025, Cyprus had the 57th highest value of the 137 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Cyprus in the 2025 ranking
- Lithuania — 54th of 137: 3.25 billion
- Portugal — 55th of 137: 2.81 billion
- Turkmenistan — 56th of 137: 2.1 billion
- Estonia — 58th of 137: 401.56 million
- Naoero — 59th of 137: -114 million
- Marshall Islands — 60th of 137: -135 million
What this measures
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 51 values
| Year | External balance on goods and services (current LCU) |
|---|---|
| 2025 | 2,061,890,000 |
| 2024 | 1,264,800,000 |
| 2023 | 661,429,000 |
| 2022 | 1,060,897,000 |
| 2021 | 1,203,855,000 |
| 2020 | -307,461,000 |
| 2019 | 236,715,000 |
| 2018 | 305,026,000 |
| 2017 | -69,143,000 |
| 2016 | 370,010,000 |
External balance on goods and services (current LCU) in nearby economies
- Albania — -145.93 billion (2025)
- Armenia — -623.38 billion (2025)
- Austria — 12.23 billion (2025)
- Azerbaijan — 8.02 billion (2025)
- Belarus — -5.58 billion (2025)
- Belgium — -12.95 billion (2025)
- Bosnia and Herzegovina — -7.42 billion (2025)
- Bulgaria — -1.2 billion (2025)
- Croatia — -4.69 billion (2025)
- Czechia
More economic policy & debt data for Cyprus
- Total reserves, including gold (current US$) — US$2.95 billion (2025)
- Total reserves, excluding gold (current US$) — US$999.53 million (2025)
- Food, beverages and tobacco (% of value added in manufacturing) — 32.67% (2023)
- Machinery and transport equipment (% of value added in manufacturing) — 13.81% (2023)
- Other manufacturing (% of value added in manufacturing) — 39.94% (2023)
- Textiles and clothing (% of value added in manufacturing) — 1.35% (2023)
- Chemicals (% of value added in manufacturing) — 12.23% (2023)
- Foreign direct investment, net inflows (BoP, current US$) — US$11.16 billion (2025)
- Adjusted savings, education expenditure (% of GNI)
Reading data like this
Questions people ask
- What is Cyprus's external balance on goods and services (current LCU)?
- 2.06 billion in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1975?
- It is up 2,314% from -93.12 million in 1975. The highest value was 2.06 billion in 2025 and the lowest -2.43 billion in 2008.
- How does Cyprus rank?
- 57th highest of 137 economies with data for 2025.
- Is the latest change in external balance on goods and services (current LCU) unusual for Cyprus?
- In 2025, Cyprus' external balance on goods and services (current LCU) rose 797.09 million on 2024 (from 1.26 billion to 2.06 billion). Across the 30 yearly changes before that (1995 to 2024), the average change was +42.99 million and a typical year strayed about 600.95 million from that (the standard deviation). This year's change was 1.3 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
Source
World Bank, World Development Indicators, indicator NE.RSB.GNFS.CN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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