Cyprus

This Selected Issues paper and Statistical Appendix provides a brief assessment of Cyprus’s external position and its composition in an international perspective. It discusses estimates of Cyprus’s external position based on partial International Investment Position data as well as on cumulative flows, and compares its level and composition with advanced Organization for Economic Cooperation and Development (OECD) economies and with other accession countries. It finds that a precise assessment of Cyprus’s overall external position is hindered by the lack of data on nondebt stocks. The paper also analyzes aging and long-term fiscal sustainability in Cyprus.Economic conditions;Statistics;liabilities, debt, direct investment, payments, international investment, fdi, foreign assets, foreign exchange, net foreign asset, international debt, foreign direct investment, net foreign assets, foreign asset, foreign exchange reserves, foreign asset position, deficits, interest, net foreign asset position, external debt, equity flows, portfolio investment, international trade, foreign banks, debtors, foreign asset positions, debt forgiveness, creditor, creditors, debt securities, external financing