Loans from nonresident banks (amounts outstanding) to GDP in Cyprus
Cyprus: Loans from nonresident banks (amounts outstanding) to GDP was 97.8% in 2021. ◆ Volatile
Loans from nonresident banks (amounts outstanding) to GDP in Cyprus, 1990–2021
Source: Bank for International Settlements (BIS). Measured in %.
Analysis
In 2021, loans from nonresident banks (amounts outstanding) to gdp in Cyprus stood at 97.8%.
The figure is down 2.7% on the previous year and up 46.1% over ten years.
Over the whole period, loans from nonresident banks (amounts outstanding) to gdp in Cyprus peaked at 100.5% in 2020 and was at its lowest, 2.2%, in 1992.
That places Cyprus 9th out of 136 countries with data for 2021, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Loans from nonresident banks (amounts outstanding) to GDP in Cyprus, year by year
| Year | % | Change |
|---|---|---|
| 1990 | 2.7% | — |
| 1991 | 2.6% | -3.1% |
| 1992 | 2.2% | -16.5% |
| 1993 | 5.6% | +156.6% |
| 1994 | 6.3% | +13.2% |
| 1995 | 4.6% | -26.8% |
| 1996 | 5.3% | +15.0% |
| 1997 | 8.1% | +52.7% |
| 1998 | 11.9% | +47.4% |
| 1999 | 13.8% | +15.9% |
| 2000 | 13.1% | -5.6% |
| 2001 | 16.9% | +29.8% |
| 2002 | 17.7% | +4.6% |
| 2003 | 22.3% | +26.0% |
| 2004 | 28.3% | +26.7% |
| 2005 | 25.0% | -11.6% |
| 2006 | 26.4% | +5.2% |
| 2007 | 33.1% | +25.6% |
| 2008 | 31.8% | -4.0% |
| 2009 | 56.5% | +77.8% |
| 2010 | 59.5% | +5.3% |
| 2011 | 66.9% | +12.6% |
| 2012 | 40.2% | -40.0% |
| 2013 | 27.2% | -32.3% |
| 2014 | 38.7% | +42.4% |
| 2015 | 44.5% | +15.1% |
| 2016 | 43.4% | -2.5% |
| 2017 | 49.0% | +12.8% |
| 2018 | 51.6% | +5.3% |
| 2019 | 66.7% | +29.4% |
| 2020 | 100.5% | +50.6% |
| 2021 | 97.8% | -2.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 6.3% | 2.2% | 13.8% | 10 |
| 2000s | 27.1% | 13.1% | 56.5% | 10 |
| 2010s | 48.8% | 27.2% | 66.9% | 10 |
| 2020s | 99.2% | 97.8% | 100.5% | 2 |
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 loans from nonresident banks (amounts outstanding) to gdp in Cyprus?
- Loans from nonresident banks (amounts outstanding) to gdp in Cyprus was 97.8% in 2021, according to Bank for International Settlements (BIS).
- What is the highest loans from nonresident banks (amounts outstanding) to gdp recorded in Cyprus?
- The highest recorded value was 100.5% in 2020.
- What is the lowest loans from nonresident banks (amounts outstanding) to gdp recorded in Cyprus?
- The lowest recorded value was 2.2% in 1992.
- How does Cyprus rank for loans from nonresident banks (amounts outstanding) to gdp?
- Cyprus ranks 9th out of 136 countries with data for 2021.
- Is loans from nonresident banks (amounts outstanding) to gdp rising or falling in Cyprus?
- Over the last ten years it is up 46.1%. The long-run trend across the full record is volatile.
- Where does this Cyprus data come from?
- The figures come from Bank for International Settlements (BIS), published as part of Loans from nonresident banks (amounts outstanding) to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Ratio of outstanding offshore bank loans to GDP. An offshore bank is a bank located outside the country of residence of the depositor, typically in a low tax jurisdiction (or tax haven) that provides financial and legal advantages. Offshore bank loan data from BIS Statistical Appendix Table 7A: External loans and deposits of reporting banks vis-à-vis all sectors.