The Statistics Department of the Central Bank of Cyprus has today released the provisional data for external statistics (balance of payments, international investment position and external debt) for the second quarter of 2021 (2021 Q2), as well as the revised data of the said statistics for the years 2017, 2018, 2019, 2020 and the first quarter of 2021 (2021 Q1).
According to the preliminary balance of payments data for 2021 Q2, the current account balance of Cyprus recorded a deterioration, with the deficit increasing from €139,0 million in 2020 Q2, to €648,6 million, in 2021 Q2.
The international investment position (IIP) recorded a slight deterioration at the end of 2021 Q2, presenting a net liability position of €29.809,9 million, compared with a net liability position of €29.240,0 million in 2021 Q1.
The gross external debt increased to €193.271,5 million in 2021 Q2 from €192.487,7 million in 2021 Q1. A similar trend was also recorded by external assets in debt instruments, which increased to €127.925,5 million, up from €127.657,0 million in 2021 Q1. Consequently, net external debt increased by €515,3 million to €65.346,0 million, over 2021 Q2.
For more analysis and information, please click here.