Financial Institutions Index in Cyprus
Cyprus: Financial Institutions Index was 0.56 in 2020. ▲ Rising
Financial Institutions Index in Cyprus, 1980–2020
Source: International Monetary Fund.
Analysis
The most recent figure for financial institutions index in Cyprus is 0.56, measured in 2020.
That represents a change of down 2.4% on the previous year and down 18.7% over ten years.
Over the whole period, financial institutions index in Cyprus peaked at 0.7143 in 1998 and was at its lowest, 0.5021, in 1984.
Cyprus ranks 49th of 183 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 41 years of available data.
Financial Institutions Index in Cyprus, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 0.5164 | — |
| 1981 | 0.5127 | -0.7% |
| 1982 | 0.5108 | -0.4% |
| 1983 | 0.5108 | +0.0% |
| 1984 | 0.5021 | -1.7% |
| 1985 | 0.5094 | +1.5% |
| 1986 | 0.5156 | +1.2% |
| 1987 | 0.5167 | +0.2% |
| 1988 | 0.5766 | +11.6% |
| 1989 | 0.5601 | -2.9% |
| 1990 | 0.5723 | +2.2% |
| 1991 | 0.5743 | +0.4% |
| 1992 | 0.5976 | +4.1% |
| 1993 | 0.6506 | +8.9% |
| 1994 | 0.6403 | -1.6% |
| 1995 | 0.626 | -2.2% |
| 1996 | 0.6526 | +4.3% |
| 1997 | 0.6817 | +4.5% |
| 1998 | 0.7143 | +4.8% |
| 1999 | 0.7108 | -0.5% |
| 2000 | 0.7038 | -1.0% |
| 2001 | 0.665 | -5.5% |
| 2002 | 0.6447 | -3.0% |
| 2003 | 0.6703 | +4.0% |
| 2004 | 0.6491 | -3.2% |
| 2005 | 0.6721 | +3.5% |
| 2006 | 0.7046 | +4.8% |
| 2007 | 0.7001 | -0.6% |
| 2008 | 0.6547 | -6.5% |
| 2009 | 0.6899 | +5.4% |
| 2010 | 0.6889 | -0.1% |
| 2011 | 0.6643 | -3.6% |
| 2012 | 0.6712 | +1.0% |
| 2013 | 0.6033 | -10.1% |
| 2014 | 0.6008 | -0.4% |
| 2015 | 0.5757 | -4.2% |
| 2016 | 0.589 | +2.3% |
| 2017 | 0.5817 | -1.2% |
| 2018 | 0.5817 | -0.0% |
| 2019 | 0.5736 | -1.4% |
| 2020 | 0.56 | -2.4% |
Cyprus compared with similar countries
- Cyprus's 0.56 is below the median for high income countries, which is 0.601, 93% of the median. (62 countries reporting)
- Cyprus's 0.56 is above the median for Europe & Central Asia, which is 0.5263, 1.1× the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.5231 | 0.5021 | 0.5766 | 10 |
| 1990s | 0.642 | 0.5723 | 0.7143 | 10 |
| 2000s | 0.6754 | 0.6447 | 0.7046 | 10 |
| 2010s | 0.613 | 0.5736 | 0.6889 | 10 |
| 2020s | 0.56 | 0.56 | 0.56 | 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 index in Cyprus?
- Financial institutions index in Cyprus was 0.56 in 2020, according to International Monetary Fund.
- What is the highest financial institutions index recorded in Cyprus?
- The highest recorded value was 0.7143 in 1998.
- What is the lowest financial institutions index recorded in Cyprus?
- The lowest recorded value was 0.5021 in 1984.
- How does Cyprus rank for financial institutions index?
- Cyprus ranks 49th out of 183 countries with data for 2020.
- Is financial institutions 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 Institutions Index. Statizoid updates them automatically from the source API.
Download this data
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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.