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 2020 (2020 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 2020 (2020 Q3).
According to the preliminary balance of payments data for 2020 Q3, the current account balance of Cyprus recorded a deterioration, with the deficit increasing from €105,5 million in 2019 Q3, to €784,2 million in 2020 Q3.
The international investment position (IIP) recorded a slight deterioration at the end of 2020 Q3, presenting a net liability position of €27.263,2 million, compared with a net liability position of €27.023,3 million in 2020 Q2.
The gross external debt decreased to €188.588,8 million in 2020 Q3 from €189.395,9 million in 2020 Q2. The external assets in debt instruments increased to €114.880,9 million, up from €110.539,4 million in 2020 Q2. Consequently, net external debt decreased by €5.148,6 million to €73.707,9 million, over 2020 Q3.
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