Harmonized Euro area rates, New business: Deposits agreed maturity in Cyprus
Cyprus: Harmonized Euro area rates, New business: Deposits agreed maturity was 1.97 in 2024. ◆ Volatile
Harmonized Euro area rates, New business: Deposits agreed maturity in Cyprus, 2003–2024
Source: International Monetary Fund.
Analysis
Cyprus recorded 1.97 for harmonized euro area rates, new business: deposits agreed maturity in 2024.
The figure is up 82.6% on the previous year and down 22.8% over ten years.
Over the whole period, harmonized euro area rates, new business: deposits agreed maturity in Cyprus peaked at 5.08 in 2008 and was at its lowest, 0.0692, in 2021.
That places Cyprus 18th out of 24 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Harmonized Euro area rates, New business: Deposits agreed maturity in Cyprus, year by year
| Year | Value | Change |
|---|---|---|
| 2003 | 4.24 | — |
| 2004 | 4.38 | +3.4% |
| 2005 | 4.52 | +3.1% |
| 2006 | 3.99 | -11.8% |
| 2007 | 4.08 | +2.4% |
| 2008 | 5.08 | +24.3% |
| 2009 | 4.43 | -12.7% |
| 2010 | 3.95 | -10.8% |
| 2011 | 4.08 | +3.3% |
| 2012 | 4.39 | +7.4% |
| 2013 | 2.94 | -32.9% |
| 2014 | 2.55 | -13.4% |
| 2015 | 1.76 | -31.0% |
| 2016 | 1.51 | -14.4% |
| 2017 | 1.3 | -13.7% |
| 2018 | 0.8392 | -35.4% |
| 2019 | 0.2558 | -69.5% |
| 2020 | 0.1117 | -56.4% |
| 2021 | 0.0692 | -38.1% |
| 2022 | 0.1008 | +45.8% |
| 2023 | 1.08 | +968.6% |
| 2024 | 1.97 | +82.6% |
Cyprus compared with similar countries
- Cyprus's 1.97 is below the median for Europe & Central Asia, which is 2.75, 72% of the median. (23 countries reporting)
- Cyprus's 1.97 is below the median for high income countries, which is 2.69, 73% of the median. (24 countries reporting)
Biggest year-on-year movements
Years where Harmonized Euro area rates, New business: Deposits agreed maturity in Cyprus changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2023 | +968.6% | 0.1008 | 1.08 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.39 | 3.99 | 5.08 | 7 |
| 2010s | 2.36 | 0.2558 | 4.39 | 10 |
| 2020s | 0.6653 | 0.0692 | 1.97 | 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, new business: deposits agreed maturity in Cyprus?
- Harmonized euro area rates, new business: deposits agreed maturity in Cyprus was 1.97 in 2024, according to International Monetary Fund.
- What is the highest harmonized euro area rates, new business: deposits agreed maturity recorded in Cyprus?
- The highest recorded value was 5.08 in 2008.
- What is the lowest harmonized euro area rates, new business: deposits agreed maturity recorded in Cyprus?
- The lowest recorded value was 0.0692 in 2021.
- How does Cyprus rank for harmonized euro area rates, new business: deposits agreed maturity?
- Cyprus ranks 18th out of 24 countries with data for 2024.
- Is harmonized euro area rates, new business: deposits agreed maturity rising or falling in Cyprus?
- Over the last ten years it is down 22.8%. The long-run trend across the full record is volatile.
- Where does this Cyprus data come from?
- The figures come from International Monetary Fund, published as part of Harmonized Euro area rates, New business: Deposits agreed maturity, Up to 1 year New Business, Households, Rate, Percent per annum. Statizoid updates them automatically from the source API.
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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.