Cyprus—External Balance on Goods & Services (% of GDP)
Category: EconomySource: World Bank World Development IndicatorsGlobal Rank: #51 of 183
Latest Value
3.6%
2024
YoY Change
+78.4%
2023 → 2024
Global Rank
#51
of 183 countries
Maximum
4.7%
2021
Minimum
-12.8%
2008
CAGR
+1.7%
25 years
Last
3.6%
Previous
2.0%
Highest
4.7%
Lowest
-12.8%
Source
World Bank World Development Indicators
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | 3.6% | +78.4% |
| 2023 | 2.0% | -43.0% |
| 2022 | 3.6% | -23.7% |
| 2021 | 4.7% | +441.1% |
| 2020 | -1.4% | -235.8% |
| 2019 | 1.0% | -27.7% |
| 2018 | 1.4% | +510.9% |
| 2017 | -0.3% | -117.5% |
| 2016 | 1.9% | -29.4% |
| 2015 | 2.8% | +160.4% |
| 2014 | 1.1% | -36.5% |
| 2013 | 1.7% | +193.3% |
| 2012 | -1.8% | +51.8% |
| 2011 | -3.7% | +54.9% |
| 2010 | -8.2% | -54.0% |
| 2009 | -5.3% | +58.1% |
| 2008 | -12.8% | -168.3% |
| 2007 | -4.8% | -62.1% |
| 2006 | -2.9% | -450.8% |
| 2005 | -0.5% | -329.7% |
| 2004 | -0.1% | -108.2% |
| 2003 | 1.5% | +30.0% |
| 2002 | 1.2% | -74.4% |
| 2001 | 4.6% | +88.0% |
| 2000 | 2.4% |
Top Countries — External Balance on Goods & Services (% of GDP)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Macao SAR, China | 42.3% | 2024 |
| 2 | Ireland | 41.8% | 2024 |
| 3 | Gabon | 37.1% | 2024 |
| 4 | Qatar | 37.0% | 2022 |
| 5 | Singapore | 35.2% | 2024 |
| 6 | Luxembourg | 31.8% | 2024 |
| 7 | San Marino | 31.0% | 2023 |
| 8 | Bermuda | 29.0% | 2024 |
| 9 | Kuwait | 19.4% | 2023 |
| 10 | Malta | 18.8% | 2024 |
About This Indicator
Definition
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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Methodology
Data compiled by 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).
Source: World Bank - World Development IndicatorsView original source →