The Central Bank of Cyprus published preliminary external statistics for Q2 2025 covering the balance of payments, international investment position and external debt, indicating an improvement in the current account deficit alongside a modest strengthening in the net international investment position and a small decline in gross external debt. Cyprus’ current account deficit narrowed to EUR 257.3 million in Q2 2025 from EUR 341.7 million in Q2 2024. On an adjusted basis that treats special purpose entities (SPEs) as non-resident, the deficit was EUR 280.9 million, compared with EUR 363.6 million a year earlier. The international investment position recorded a net liability position of EUR 30,094.9 million versus EUR 30,420.9 million in Q1 2025, while the SPE-adjusted net liability position was EUR 11,480.9 million versus EUR 11,871.7 million. Gross external debt fell to EUR 232,988.2 million from EUR 233,599.8 million in Q1 2025 and external assets in debt instruments declined to EUR 223,083.6 million from EUR 223,482.2 million, resulting in net external debt of EUR 9,904.6 million. Adjusted for SPEs, gross external debt was EUR 59,044.1 million versus EUR 59,569.7 million in Q1 2025 and net external debt was EUR 24,313.4 million versus -EUR 23,924.4 million.
Central Bank of Cyprus 2025-10-08
Central Bank of Cyprus publishes preliminary Q2 2025 external statistics showing a narrower current account deficit
The Central Bank of Cyprus released preliminary Q2 2025 external statistics, showing a reduced current account deficit of EUR 257.3 million, down from EUR 341.7 million in Q2 2024. The net international investment position improved slightly, with a net liability of EUR 30,094.9 million, and gross external debt decreased to EUR 232,988.2 million. Adjusted figures for special purpose entities show a current account deficit of EUR 280.9 million and gross external debt of EUR 59,044.1 million.