Cyprus Annual Financial Net Worth stands at -€26,622.2 mn

08:38 - 21 November 2023

Economy

Cyprus' annual financial net worth is at -€26,622.2 million euro, according to CySTAT.

The statistical service's press release says that the total assets of the economy in financial instruments amounted to €686,927.8 million at the end of December 2022, of which 52.9% relates to equities and shares, 19.3% to currency and deposits, and 17% to loans.

The total liabilities of the economy in financial instruments amounted to €713,650 million at the end of December 2022, of which 51.6% relates to equities and shares, 21.8% to loans, and 14.6% to currency and deposits.

CySTAT said that the assets of households in financial instruments amounted to €55,955.6 million at the end of December 2022, of which 58.5% consists of currency and deposits, 1.9% in loans, 1.7% in debt securities, and 20.6% in equities.

The amount of loans for this sector reached 19,831.7 million, at the end of December 2022, with a debt-to-Gross Domestic Product (GDP) ratio of 71.4%.

The corresponding assets of non-financial corporations amounted to €66,336.6 million, with 18.5% in cash and deposits, 4.2% in debt securities, 46.5% in equities, and 29.6% in other financial instruments.

The amount of loans for this sector at the end of December 2022 reached €39,506.9 million, with a debt-to-GDP ratio of 142.2%.

(Source: CNA)

Cyprus Annual Financial Net Worth stands at -€26,622.2 mn

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