The Central Bank of Cyprus (CBC) marked World Statistics Day 2025 on Monday, embracing the theme of transparency and trust through quality statistics.
- The Central Bank of Cyprus (CBC) marked World Statistics Day 2025 on Monday, embracing the theme of transparency and trust through quality statistics.
World statistics: Celebrating the Importance of Statistics
World Statistics Day serves as a reminder of the essential role that official statistics play in modern society. This year, the CBC joined institutions globally in recognising the significance of reliable and accessible data for informed decision-making. The theme, “Quality Statistics and Data for Everyone,” emphasises the need for robust data for various stakeholders, including governments, businesses, and researchers.
Empowering Decision-Making
The CBC expressed its strong support for the global message that statistics empower informed decisions. The bank stated, “Statistics empower informed decisions,” highlighting how accurate data assists governments in designing effective policies, businesses in strategic planning, and researchers in analysing critical economic indicators such as GDP, inflation, and employment.
Transparency and Accountability
In today’s complex environment, the CBC asserted that reliable and timely statistics are crucial for ensuring transparency, accountability, and public trust. The bank noted, “At the Central Bank of Cyprus, we celebrate the power of quality statistics – the cornerstone of transparency, informed policy, and public trust.” This commitment reflects the bank’s dedication to providing high-quality data across various statistical domains.
Commitment to High-Quality Data
The CBC emphasised its commitment to delivering reliable and accessible data in areas such as the Balance of Payments, Monetary and Financial Statistics, Securities, AnaCredit, Registries, and Climate Change Indicators. According to the CBC, these datasets are vital for policymakers, researchers, and citizens, facilitating evidence-based analysis and decision-making.
Adhering to International Standards
The bank highlighted that its commitment to independence, integrity, and accountability is grounded in strict adherence to international standards and best practices. This approach ensures that Cyprus’ economic data remains a trusted foundation for evidence-based decisions. The CBC stated, “Behind every figure stands a team dedicated to precision, consistency, and integrity.”
Role in European and National Policymaking
As part of its statutory responsibilities within the euro area and the European Union, the CBC plays a vital role in the collection, compilation, and dissemination of key statistics that inform both national and European policymaking. The bank’s focus on continuous innovation aids in enhancing the quality and impact of the statistical data it provides.
Engaging the Public
To mark World Statistics Day, the CBC invited the public to explore its latest statistical releases available on the Central Bank of Cyprus website. This initiative aims to promote greater awareness and understanding of the data that underpins economic analysis and policy development.
International Collaboration on Statistics
The CBC also drew attention to a series of international events celebrating World Statistics Day, including the United Nations’ 24-hour global webinar marathon and Eurostat’s online session focusing on artificial intelligence in official statistics. These initiatives aim to highlight how technological innovation and collaboration can enhance the quality, accessibility, and impact of statistical data on a worldwide scale.
The Future of Statistics
As the world continues to evolve, the importance of quality statistics becomes increasingly apparent. The CBC’s ongoing commitment to transparency, trust, and the provision of high-quality data is essential for fostering informed decision-making in a variety of sectors. By maintaining a focus on reliability and integrity, the Central Bank of Cyprus aims to ensure that its statistics remain a cornerstone of effective policymaking and public trust.
