Financial Institutions Access Index in Cyprus
Cyprus: Financial Institutions Access Index was 0.5288 in 2020. ▬ Flat
Financial Institutions Access Index in Cyprus, 1980–2020
Source: International Monetary Fund.
Analysis
Cyprus recorded 0.5288 for financial institutions access index in 2020. That is the lowest value across all 41 years on record.
Compared with earlier readings it is down 9.5% on the previous year and down 35.4% over ten years.
Over the whole period, financial institutions access index in Cyprus peaked at 0.8185 in 2010 and was at its lowest, 0.5288, in 2020.
Cyprus ranks 49th of 183 countries on this measure, in the middle of the range.
Financial Institutions Access Index in Cyprus, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 0.6761 | — |
| 1981 | 0.673 | -0.5% |
| 1982 | 0.6714 | -0.2% |
| 1983 | 0.6714 | +0.0% |
| 1984 | 0.6643 | -1.1% |
| 1985 | 0.6704 | +0.9% |
| 1986 | 0.6755 | +0.8% |
| 1987 | 0.6764 | +0.1% |
| 1988 | 0.7094 | +4.9% |
| 1989 | 0.7124 | +0.4% |
| 1990 | 0.7192 | +1.0% |
| 1991 | 0.7197 | +0.1% |
| 1992 | 0.7375 | +2.5% |
| 1993 | 0.7708 | +4.5% |
| 1994 | 0.7417 | -3.8% |
| 1995 | 0.7446 | +0.4% |
| 1996 | 0.7809 | +4.9% |
| 1997 | 0.7955 | +1.9% |
| 1998 | 0.8151 | +2.5% |
| 1999 | 0.7964 | -2.3% |
| 2000 | 0.8042 | +1.0% |
| 2001 | 0.7783 | -3.2% |
| 2002 | 0.7705 | -1.0% |
| 2003 | 0.7787 | +1.1% |
| 2004 | 0.746 | -4.2% |
| 2005 | 0.7537 | +1.0% |
| 2006 | 0.7861 | +4.3% |
| 2007 | 0.7818 | -0.6% |
| 2008 | 0.7938 | +1.5% |
| 2009 | 0.8101 | +2.1% |
| 2010 | 0.8185 | +1.0% |
| 2011 | 0.8104 | -1.0% |
| 2012 | 0.7836 | -3.3% |
| 2013 | 0.6776 | -13.5% |
| 2014 | 0.6637 | -2.1% |
| 2015 | 0.635 | -4.3% |
| 2016 | 0.6093 | -4.1% |
| 2017 | 0.7154 | +17.4% |
| 2018 | 0.6632 | -7.3% |
| 2019 | 0.5841 | -11.9% |
| 2020 | 0.5288 | -9.5% |
Cyprus compared with similar countries
- Cyprus's 0.5288 is below the median for high income countries, which is 0.5313, 100% of the median. (62 countries reporting)
- Cyprus's 0.5288 is below the median for Europe & Central Asia, which is 0.5389, 98% of the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.68 | 0.6643 | 0.7124 | 10 |
| 1990s | 0.7621 | 0.7192 | 0.8151 | 10 |
| 2000s | 0.7803 | 0.746 | 0.8101 | 10 |
| 2010s | 0.6961 | 0.5841 | 0.8185 | 10 |
| 2020s | 0.5288 | 0.5288 | 0.5288 | 1 |
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 financial institutions access index in Cyprus?
- Financial institutions access index in Cyprus was 0.5288 in 2020, according to International Monetary Fund.
- What is the highest financial institutions access index recorded in Cyprus?
- The highest recorded value was 0.8185 in 2010.
- What is the lowest financial institutions access index recorded in Cyprus?
- The lowest recorded value was 0.5288 in 2020.
- How does Cyprus rank for financial institutions access index?
- Cyprus ranks 49th out of 183 countries with data for 2020.
- Is financial institutions access index rising or falling in Cyprus?
- Over the last ten years it is down 35.4%. The long-run trend across the full record is flat.
- Where does this Cyprus data come from?
- The figures come from International Monetary Fund, published as part of Financial Institutions Access Index. Statizoid updates them automatically from the source API.
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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.