Account ownership at a financial institution or with a in Cyprus
Cyprus: Account ownership at a financial institution or with a was 95.3% in 2024. ▲ Rising
Account ownership at a financial institution or with a in Cyprus, 2011–2024
Source: Global Findex Database, World Bank (WB). Measured in % of population ages 15-24.
Analysis
The most recent figure for account ownership at a financial institution or with a in Cyprus is 95.3%, measured in 2024. That is the highest value across all 5 years on record.
That represents a change of up 14.1% on the previous year and up 28.1% over ten years.
Over the whole period, account ownership at a financial institution or with a in Cyprus peaked at 95.3% in 2024 and was at its lowest, 73.2%, in 2017.
Cyprus ranks 24th of 106 countries on this measure, in the top quarter.
Account ownership at a financial institution or with a in Cyprus, year by year
| Year | % of population ages 15-24 | Change |
|---|---|---|
| 2011 | 76.8% | — |
| 2014 | 74.4% | -3.1% |
| 2017 | 73.2% | -1.7% |
| 2021 | 83.5% | +14.1% |
| 2024 | 95.3% | +14.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 74.8% | 73.2% | 76.8% | 3 |
| 2020s | 89.4% | 83.5% | 95.3% | 2 |
Countries ranked near Cyprus
- 21 Hong Kong, China 95.9% compare
- 22 Mongolia 95.9% compare
- 23 New Zealand 95.4% compare
- 25 Portugal 93.0% compare
- 26 Ukraine 92.9% compare
- 27 Iran, Islamic Republic of 91.8% compare
More financial sector data for Cyprus
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0028 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 84.99 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0021 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 62.06 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0028 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 84.99 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is account ownership at a financial institution or with a in Cyprus?
- Account ownership at a financial institution or with a in Cyprus was 95.3% in 2024, according to Global Findex Database, World Bank (WB).
- What is the highest account ownership at a financial institution or with a recorded in Cyprus?
- The highest recorded value was 95.3% in 2024.
- What is the lowest account ownership at a financial institution or with a recorded in Cyprus?
- The lowest recorded value was 73.2% in 2017.
- How does Cyprus rank for account ownership at a financial institution or with a?
- Cyprus ranks 24th out of 106 countries with data for 2024.
- Is account ownership at a financial institution or with a rising or falling in Cyprus?
- Over the last ten years it is up 28.1%. The long-run trend across the full record is rising.
- Where does this Cyprus data come from?
- The figures come from Global Findex Database, World Bank (WB), published as part of Account ownership at a financial institution or with a mobile-money-service provider, young adults (% of population ages 15-24). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 5 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Account denotes the percentage of respondents who report having an account (by themselves or together with someone else) at a bank or another type of financial institution or report personally using a mobile money service in the past 12 months (young adults, % of population ages 15-24).