Borrowers from commercial banks (per 1,000 adults) in Cyprus
Cyprus: Borrowers from commercial banks (per 1,000 adults) was 348.79 per 1,000 adults in 2024. ▼ Falling
Borrowers from commercial banks in Cyprus, 2015–2024
Source: Financial Access Survey, International Monetary Fund (IMF). Measured in per 1,000 adults.
Analysis
In 2024, borrowers from commercial banks in Cyprus stood at 348.79 per 1,000 adults.
The figure is down 0.2% on the previous year and down 4.9% over ten years.
Over the whole period, borrowers from commercial banks in Cyprus peaked at 428.61 per 1,000 adults in 2017 and was at its lowest, 298.78 per 1,000 adults, in 2021.
That places Cyprus 34th out of 113 countries with data for 2024, putting it in the middle of the range.
Borrowers from commercial banks (per 1,000 adults) in Cyprus, year by year
| Year | per 1,000 adults | Change |
|---|---|---|
| 2015 | 366.58 per 1,000 adults | — |
| 2016 | 357.54 per 1,000 adults | -2.5% |
| 2017 | 428.61 per 1,000 adults | +19.9% |
| 2018 | 338.84 per 1,000 adults | -20.9% |
| 2019 | 341.03 per 1,000 adults | +0.6% |
| 2020 | 303.26 per 1,000 adults | -11.1% |
| 2021 | 298.78 per 1,000 adults | -1.5% |
| 2022 | 347.87 per 1,000 adults | +16.4% |
| 2023 | 349.43 per 1,000 adults | +0.4% |
| 2024 | 348.79 per 1,000 adults | -0.2% |
Cyprus compared with similar countries
- Cyprus's 348.79 per 1,000 adults is below the median for high income countries, which is 408.04 per 1,000 adults, 85% of the median. (29 countries reporting)
- Cyprus's 348.79 per 1,000 adults is below the median for Europe & Central Asia, which is 400.43 per 1,000 adults, 87% of the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 366.52 per 1,000 adults | 338.84 per 1,000 adults | 428.61 per 1,000 adults | 5 |
| 2020s | 329.63 per 1,000 adults | 298.78 per 1,000 adults | 349.43 per 1,000 adults | 5 |
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 borrowers from commercial banks in Cyprus?
- Borrowers from commercial banks in Cyprus was 348.79 per 1,000 adults in 2024, according to Financial Access Survey, International Monetary Fund (IMF).
- What is the highest borrowers from commercial banks recorded in Cyprus?
- The highest recorded value was 428.61 per 1,000 adults in 2017.
- What is the lowest borrowers from commercial banks recorded in Cyprus?
- The lowest recorded value was 298.78 per 1,000 adults in 2021.
- How does Cyprus rank for borrowers from commercial banks?
- Cyprus ranks 34th out of 113 countries with data for 2024.
- Is borrowers from commercial banks rising or falling in Cyprus?
- Over the last ten years it is down 4.9%. The long-run trend across the full record is falling.
- Where does this Cyprus data come from?
- The figures come from Financial Access Survey, International Monetary Fund (IMF), published as part of Borrowers from commercial banks (per 1,000 adults). Statizoid updates them automatically from the source API.
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About this data
Borrowers from commercial banks are the reported number of resident customers that are nonfinancial corporations (public and private) and households who obtained loans from commercial banks and other banks functioning as commercial banks.