Harmonized Euro area rates: Loans, New Business, Consumption floating in Cyprus
Cyprus: Harmonized Euro area rates: Loans, New Business, Consumption floating was 6.59 in 2024. ▼ Falling
Harmonized Euro area rates: Loans, New Business, Consumption floating in Cyprus, 2008–2024
Source: International Monetary Fund.
Analysis
Cyprus recorded 6.59 for harmonized euro area rates: loans, new business, consumption floating in 2024.
Compared with earlier readings it is up 19.6% on the previous year and up 12.0% over ten years.
Over the whole period, harmonized euro area rates: loans, new business, consumption floating in Cyprus peaked at 7.49 in 2009 and was at its lowest, 2.98, in 2019.
The long-run direction has been consistently falling across the 17 years of available data.
Harmonized Euro area rates: Loans, New Business, Consumption floating in Cyprus, year by year
| Year | Value | Change |
|---|---|---|
| 2008 | 7.19 | — |
| 2009 | 7.49 | +4.2% |
| 2010 | 6.82 | -9.1% |
| 2011 | 6.83 | +0.3% |
| 2012 | 7.05 | +3.1% |
| 2013 | 6.89 | -2.3% |
| 2014 | 5.88 | -14.6% |
| 2015 | 4.69 | -20.2% |
| 2016 | 4.33 | -7.7% |
| 2017 | 4.12 | -4.8% |
| 2018 | 3.78 | -8.5% |
| 2019 | 2.98 | -21.0% |
| 2020 | 3.04 | +2.0% |
| 2021 | 3.01 | -1.0% |
| 2022 | 3.33 | +10.7% |
| 2023 | 5.51 | +65.4% |
| 2024 | 6.59 | +19.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7.34 | 7.19 | 7.49 | 2 |
| 2010s | 5.34 | 2.98 | 7.05 | 10 |
| 2020s | 4.3 | 3.01 | 6.59 | 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 harmonized euro area rates: loans, new business, consumption floating in Cyprus?
- Harmonized euro area rates: loans, new business, consumption floating in Cyprus was 6.59 in 2024, according to International Monetary Fund.
- What is the highest harmonized euro area rates: loans, new business, consumption floating recorded in Cyprus?
- The highest recorded value was 7.49 in 2009.
- What is the lowest harmonized euro area rates: loans, new business, consumption floating recorded in Cyprus?
- The lowest recorded value was 2.98 in 2019.
- How does Cyprus rank for harmonized euro area rates: loans, new business, consumption floating?
- Cyprus ranks 11th out of 19 countries with data for 2024.
- Is harmonized euro area rates: loans, new business, consumption floating rising or falling in Cyprus?
- Over the last ten years it is up 12.0%. 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 Harmonized Euro area rates: Loans, New Business, Consumption floating rate, Households, Rate, Percent per annum. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 17 observations, free to reuse under IMF Terms and Conditions (attribution required).
About this data
The Monetary and Financial Statistics (MFS), Interest Rates dataset presents country-specific interest rate data across sectors and instruments, based on nationally defined methodologies.