Data for 2020
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 year 2020.
According to the preliminary balance of payments data for 2020, the current account balance of Cyprus recorded a deterioration, with the deficit increasing from €1.406,0 million in 2019, to €2.476,4 million, in 2020.
The international investment position (IIP) recorded a deterioration in 2020, presenting a net liability position of €29.446,0 million, compared with a net liability position of €27.252,4 million in 2019.
The gross external debt increased to €189.307,3 million in 2020 from €189.212,0 million in 2019. The external assets in debt instruments increased to €112.421,0 million, up from €109.001,9 million in 2019. Consequently, net external debt decreased by €3.323,8 million to €76.886,2 million, in 2020.
For more analysis and information, please click here.