Financial Development Index in Cyprus
Cyprus: Financial Development Index was 0.4946 in 2020. β² Rising
Financial Development Index in Cyprus, 1980β2020
Source: International Monetary Fund.
Analysis
Cyprus recorded 0.4946 for financial development index in 2020.
The figure is down 7.1% on the previous year and down 18.7% over ten years.
Over the whole period, financial development index in Cyprus peaked at 0.675 in 2007 and was at its lowest, 0.3252, in 1984.
That places Cyprus 37th out of 183 countries with data for 2020, putting it in the top quarter.
The long-run direction has been consistently rising across the 41 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.3425 | 0.3252 | 0.3822 | 10 |
| 1990s | 0.4465 | 0.3841 | 0.5311 | 10 |
| 2000s | 0.5813 | 0.5045 | 0.675 | 10 |
| 2010s | 0.5244 | 0.4661 | 0.6083 | 10 |
| 2020s | 0.4946 | 0.4946 | 0.4946 | 1 |
Countries ranked near Cyprus
More financial sector data for Cyprus
- Net domestic credit (current LCU), per capita 18,337 current LCU per person (2024)
- Net domestic credit (current LCU), per unit of GDP 0.6618 current LCU per US$ of GDP (2024)
- Net domestic credit (current LCU), annual growth rate -0.4317 % change on previous year (2024)
- Gold reserves at 35 SDRs per ounce 15.61 million SDR (2025)
- Gold reserves at market value 1.42 billion SDR (2025)
- Reserves excluding gold, foreign exchange 216.14 million SDR (2025)
- Reserves excluding gold 729.85 million SDR (2025)
- Total reserves (gold at market value) 2.15 billion SDR (2025)
- Total reserves (gold at national valuation) 2.13 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 1,557 SDR per person (2025)
Frequently asked questions
- What is financial development index in Cyprus?
- Financial development index in Cyprus was 0.4946 in 2020, according to International Monetary Fund.
- What is the highest financial development index recorded in Cyprus?
- The highest recorded value was 0.675 in 2007.
- What is the lowest financial development index recorded in Cyprus?
- The lowest recorded value was 0.3252 in 1984.
- How does Cyprus rank for financial development index?
- Cyprus ranks 37th out of 183 countries with data for 2020.
- Is financial development index rising or falling in Cyprus?
- Over the last ten years it is down 18.7%. The long-run trend across the full record is rising.
- Where does this Cyprus data come from?
- The figures come from International Monetary Fund, published as part of Financial Development Index. Statizoid updates them automatically from the source API.
Download this data
CSV Β· JSON β 41 observations, free to reuse under IMF Terms and Conditions (attribution required).
About this data
The dataset contains nine indices that summarize how developed financial institutions and financial markets are in terms of their depth, access, and efficiency. These indices are aggregated into an overall index of financial development. With the coverage of over 180 countries on annual frequency from 1980 onwards, the database should offer a useful analytical tool for researchers and policy makers.