Nicosia: The current account balance of Cyprus recorded an improvement, with the deficit decreasing from £116.1 million in Q3 2024 to £95.0 million in Q3 2025, the Central Bank of Cyprus said Wednesday.
According to Cyprus News Agency, the Statistics Department of the Central Bank of Cyprus has released the provisional data for external statistics, including the balance of payments, international investment position, and external debt for the third quarter of 2025.
The preliminary balance of payments data for Q3 2025 showed an improvement in the current account balance of Cyprus, reducing the deficit from £116.1 million in Q3 2024 to £95.0 million in Q3 2025. When adjusted for the impact of Special Purpose Entities (SPEs), the deficit stood at £304.0 million in Q3 2025, compared to £204.3 million in Q3 2024.
The international investment position (IIP) reflected a deterioration in Q3 2025, with a net liability position of £31,523.4 million, compared to £30,094.9 million in Q2 2025. The IIP, when adjusted for SPEs, recorded a net liability position of £13,386.8 million in Q3 2025, up from £11,480.9 million in Q2 2025.
The gross external debt rose to £234,868.8 million in Q3 2025 from £232,988.2 million in Q2 2025. External assets in debt instruments increased to £224,957.9 million from £223,083.6 million in Q2 2025. Consequently, the net external debt increased by £6.3 million to £9,910.9 million in Q3 2025.
Adjusted for the impact of SPEs, gross external debt reached £59,824.1 million in Q3 2025, compared to £59,044.1 million in Q2 2025. The corresponding net external debt indicator increased to -£24,223.3 million in Q3 2025, compared with -£24,313.4 million in Q2 2025, the CBC concludes.