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 Q1 2024
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 first quarter of 2024 (Q1 2024).
According to the preliminary balance of payments data for Q1 2024, the current account balance of Cyprus recorded an improvement, with the deficit decreasing from €1.881,7 million in Q1 2023, to €890,2 million, in Q1 2024.
The international investment position (IIP) recorded an improvement in Q1 2024, presenting a net liability position of €28.491,4 million, compared with a net liability position of €28.743,3 million in Q4 2023.
The gross external debt increased to €172.162,0 million in Q1 2024 from €171.696,6 million in Q4 2023. The external assets in debt instruments increased to €157.952,6 million, up from €154.615,2 million in Q4 2023. Consequently, the net external debt decreased by €2.872,0 million to €14.209,4 million in Q1 2024.
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