Cyprus current account deficit and EU economic performance in Q1 2026

According to Eurostat, Cyprus recorded a current account deficit of €1.3 billion for the first quarter of 2026, compared to a €1 billion deficit in the same period of 2025. The nation's services balance showed a surplus of €1.2 billion for the quarter, marking a decline from the €1.5 billion surplus reported in Q1 2025. These figures are based on non-seasonally adjusted data. Across the European Union, the seasonally adjusted current account surplus reached €113.4 billion in Q1 2026, representing 2.4% of GDP. This reflects an increase from the €99.2 billion surplus seen in Q4 2025. The EU's goods trade surplus decreased to €66.7 billion, while the services surplus grew to €52.1 billion. Among member states, 16 recorded a surplus and 10 reported a deficit, with Germany, the Netherlands, and Ireland leading in surpluses. Data for France was unavailable for this period.