Financial Institutions Efficiency Index in Cyprus
Cyprus: Financial Institutions Efficiency Index was 0.5177 in 2020. βΌ Falling
Financial Institutions Efficiency Index in Cyprus, 1980β2020
Source: International Monetary Fund.
Analysis
The most recent figure for financial institutions efficiency index in Cyprus is 0.5177, measured in 2020.
That represents a change of down 4.6% on the previous year and down 10.4% over ten years.
Over the whole period, financial institutions efficiency index in Cyprus peaked at 0.6977 in 2006 and was at its lowest, 0.3678, in 2017.
Cyprus ranks 137th of 183 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 41 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.5169 | 0.4482 | 0.542 | 10 |
| 1990s | 0.5135 | 0.4032 | 0.6653 | 10 |
| 2000s | 0.5841 | 0.4881 | 0.6977 | 10 |
| 2010s | 0.4612 | 0.3678 | 0.5779 | 10 |
| 2020s | 0.5177 | 0.5177 | 0.5177 | 1 |
Countries ranked near Cyprus
- 134 Dominican Republic 0.522 compare
- 135 Jamaica 0.5191 compare
- 136 Uganda 0.5181 compare
- 138 Gabon 0.517 compare
- 139 St. Vincent and the Grenadines 0.5165 compare
- 140 Eswatini, Kingdom of 0.5116 compare
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)
- Domestic credit to private sector by banks 56.6% (2024)
Frequently asked questions
- What is financial institutions efficiency index in Cyprus?
- Financial institutions efficiency index in Cyprus was 0.5177 in 2020, according to International Monetary Fund.
- What is the highest financial institutions efficiency index recorded in Cyprus?
- The highest recorded value was 0.6977 in 2006.
- What is the lowest financial institutions efficiency index recorded in Cyprus?
- The lowest recorded value was 0.3678 in 2017.
- How does Cyprus rank for financial institutions efficiency index?
- Cyprus ranks 137th out of 183 countries with data for 2020.
- Is financial institutions efficiency index rising or falling in Cyprus?
- Over the last ten years it is down 10.4%. The long-run trend across the full record is falling.
- Where does this Cyprus data come from?
- The figures come from International Monetary Fund, published as part of Financial Institutions Efficiency 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.