The Central Bank of Cyprus published preliminary 2025 external statistics for the balance of payments, international investment position and external debt, pointing to an improvement in the current account balance and a reduction in Cyprus’s net external liability position. The current account deficit narrowed to EUR 2,336.5 million in 2025 from EUR 2,852.6 million in 2024, equivalent to 6.4% and 8.2% of annual GDP, respectively. On an adjusted basis that treats special purpose entities (SPEs) as non-residents, the deficit was EUR 2,677.9 million in 2025 versus EUR 2,337.7 million in 2024, corresponding to 7.4% and 8.4% of GDP. The international investment position (TIF) improved to a net liability position of EUR 28,165.0 million from EUR 29,235.7 million, or EUR 8,932.3 million after SPE adjustment compared with EUR 10,622.8 million in 2024. Gross external debt fell to EUR 225,188.5 million from EUR 234,412.4 million, while external assets in debt instruments rose to EUR 223,623.3 million from EUR 222,735.9 million, reducing net external debt to EUR 1,565.2 million. Adjusted for SPEs, gross external debt was EUR 59,179.0 million in 2025 versus EUR 59,872.3 million in 2024, and the net external debt position was -EUR 30,946.3 million compared with EUR 23,906.7 million.

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