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 first quarter of 2022 (2022 Q1)
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 2022 (2022 Q1).
According to the preliminary balance of payments data for 2022 Q1, the current account balance of Cyprus recorded a deterioration, with the deficit increasing from €865,9 million in 2021 Q1, to €1.061,8 million, in 2022 Q1.
The international investment position (IIP) recorded a small improvement at the end of 2022 Q1, presenting a net liability position of €28.008,9 million, compared with a net liability position of €28.786,8 million in 2021 Q4.
The gross external debt decreased to €189.246,7 million in 2022 Q1 from €192.714,8 million in 2021 Q4. The external assets in debt instruments decreased to €132.654,5 million, up from €133.889,4 million in 2021 Q4. Consequently, net external debt decreased by €2.233,2 million to €56.592,2 million, over 2022 Q1.
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