Cyprus Current Account Surplus Narrows in Q2

Cyprus’ current account deficit narrowed to EUR 257.3 million in Q2 2025, down from a revised EUR 341.7 million a year earlier, driven by a smaller primary income gap, which fell to EUR 719.7 million from EUR 819.8 million, and a reduced secondary income deficit of EUR 40.7 million from EUR 47.5 million. The service surplus also rose to EUR 2,318.9 million from EUR 2,101.4 million. Offsetting these gains, the goods deficit widened to EUR 1,815.9 million from EUR 1,575.7 million. For the first half of 2025, the current account deficit remained broadly stable at EUR 1.35 billion, compared with EUR 1.32 billion in the same period of 2024.