The purpose of the Review of External Statistics – specifically balance of payments (BOP) and international investment position (IIP) statistics – is to show all economic transactions and all financial positions between residents and non‐residents, respectively. In addition, they constitute part of the external statistics of the European Union and the euro area. The purpose of this report is to provide a comprehensive account of the main developments in the external statistics of Cyprus, with an emphasis on historical developments in selected economic sectors.