The external statistics data published by the Central Bank of Cyprus (CBC) are compiled in accordance with the new international methodological standards (ESA 2010, BPM6). The main presentational and methodological changes, vis-a-vis the previous manual BPM5, can be found here.
Data for the third quarter of 2021 (2021 Q3)
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 third quarter of 2021 (2021 Q3).
According to the preliminary balance of payments data for 2021 Q3, the current account balance of Cyprus recorded an improvement, with the deficit decreasing from €616,9 million in 2020 Q3, to €144,7 million, in 2021 Q3.
The international investment position (IIP) recorded a slight improvement at the end of 2021 Q3, presenting a net liability position of €29.761,3 million, compared with a net liability position of €29.809,9 million in 2021 Q2.
The gross external debt decreased to €192.395,1 million in 2021 Q3 from €193.271,5 million in 2021 Q2. On the other hand, external assets in debt instruments increased to €132.121,1 million, up from €127.925,5 million in 2021 Q2. Consequently, net external debt decreased by €5.072,0 million to €60.274,0 million in 2021 Q3.
For more analysis and information, please click here.