Account ownership at a financial institution or with a in Cyprus
Cyprus: Account ownership at a financial institution or with a was 96.1% 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+.
Analysis
The most recent figure for account ownership at a financial institution or with a in Cyprus is 96.1%, measured in 2024. That is the highest value across all 5 years on record.
That represents a change of up 3.2% on the previous year and up 6.6% over ten years.
Over the whole period, account ownership at a financial institution or with a in Cyprus peaked at 96.1% in 2024 and was at its lowest, 85.2%, in 2011.
That places Cyprus 25th out of 117 countries with data for 2024, putting it in the top quarter.
Account ownership at a financial institution or with a in Cyprus, year by year
| Year | % of population ages 15+ | Change |
|---|---|---|
| 2011 | 85.2% | — |
| 2014 | 90.2% | +5.8% |
| 2017 | 88.7% | -1.6% |
| 2021 | 93.1% | +5.0% |
| 2024 | 96.1% | +3.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 88.0% | 85.2% | 90.2% | 3 |
| 2020s | 94.6% | 93.1% | 96.1% | 2 |
Countries ranked near Cyprus
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 96.1% 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 96.1% in 2024.
- What is the lowest account ownership at a financial institution or with a recorded in Cyprus?
- The lowest recorded value was 85.2% in 2011.
- How does Cyprus rank for account ownership at a financial institution or with a?
- Cyprus ranks 25th out of 117 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 6.6%. 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 (% of population ages 15+). Statizoid updates them automatically from the source API.
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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 (% age 15+).