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Annual Financial Net Worth – €26.622,2 mn

Total Economy

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 €713.650,0 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.

Households and Non-financial Corporations

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%.

n.a.: Not applicable
Institutional Sectors:

S1: Total Economy
S11: Non-Financial Corporations
S12: Financial Corporations
S13: General Government
S14: Households Non-profit institutions serving households
S15: Non-profit institutions serving households
S2: Rest of the word

Methodological Information

Scope Description

The Annual Financial Accounts (AFA) record financial positions and transactions that involve financial assets and liabilities that have taken place between residents and non-residents. Cross-border financial transactions and positions are further classified by type of instrument and institutional sector.

Method

The compilation of AFA relies on the following primary sources which are fully compliant with European System of Accounts (ESA 2010) and produced on the basis of European Central Bank:

1. MFI Balance Sheets statistics

2. Investment Fund Balance sheet statistics

3. Insurance statistics

4. Pension Fund Statistics  

5. Securities issues statistics

6. Securities Holdings statistics (SHS)

7. Quarterly Financial Accounts of General Government                         

8. International Investment Position and Balance of Payments                                                                         

Also, financial statements are collected from entities that are included in the OFI (Other Financial Institutions) sector. For the Non-financial sector, information is derived from annual financial statements and mapped to the ESA 2010 instruments, to the best possible extent. For Household some instruments are compiled mainly on a residual basis.

Data Coverage

Inclusion of all financial and non-financial corporations, investment funds, insurance companies, pension funds and organizations that are included in the OFI sector. Also, the inclusion of General Government Sector divided to its subsectors.

Principal Variables

(AF1): Monetary gold and special drawing rights

(AF2): Currency and deposits

(AF3): Debt Securities

(AF4): Loans

(AF5): Equity and investment fund shares or units

(AF6): Insurance, pension and standardized guarantee schemes

(AF7): Financial Derivatives and employee stock options

(AF8): Other accounts receivable/ payable

For more information:

CYSTAT Portal, subtheme National Accounts

CYSTAT-DB (Online Database)

Predefined Tables (Excel)

Methodological Information

Contact

Sofia Panagidou: Tel:+ 35722605119, Email.: spanayidou@cystat.mof.gov.cy

Katerina Kyriakou: Tel:+ 35722602202, Email.: kkyriakou@cystat.mof.gov.cy

(IA/KK)