Current account deficit at €1.3bn of 6.7% of GPD in 2017

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Current account deficit at €1.3bn of 6.7% of...
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By Stelios Orphanides

Cyprus last year generated a current account deficit of €1.3bn, or 6.7 per cent of economic output, compared to a deficit of €888.8m in 2016, or 4.39 per cent, the Central Bank of Cyprus said.

“Cyprus’ international investment position marginally improved in 2017, reaching a net liability position of €23.1bn, compared with €23.2bn in 2016,” the bank supervisor said in a statement on its website on Friday. “The external debt amounted to €107.1bn in 2017, compared with €107.3bn in 2016”.

A week ago, the European Commission and the...


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Current account deficit at €1.3bn of 6.7% of  GPD in 2017


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