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 second quarter of 2022 (2022 Q2)
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 2022 (2022 Q2), as well as the revised data of the said statistics for the years 2019, 2020, 2021 and the first quarter of 2022 (2022 Q1).
According to the preliminary balance of payments data for 2022 Q2, the current account balance of Cyprus recorded a deterioration, with the deficit increasing from €445,3 million in 2021 Q2, to €1.037,5 million, in 2022 Q2.
The international investment position (IIP) recorded a slight deterioration at the end of 2022 Q2, presenting a net liability position of €27.642,0 million, compared with a net liability position of €27.490,5 million in 2022 Q1.
The gross external debt increased to €162.924,4 million in 2022 Q2 from €161.529,1 million in 2022 Q1. On the other hand, external assets in debt instruments decreased to €127.207,7 million, down from €127.424,1 million in 2022 Q1. Consequently, net external debt increased by €1.611,6 million to €35.716,7 million, over 2022 Q2.
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