Loans from nonresident banks (net) to GDP (%) in Cyprus
Cyprus: Loans from nonresident banks (net) to GDP (%) was 1.2% in 2021. ◆ Volatile
Loans from nonresident banks (net) to GDP in Cyprus, 1993–2021
Source: Bank for International Settlements (BIS). Measured in %.
Analysis
The most recent figure for loans from nonresident banks (net) to gdp in Cyprus is 1.2%, measured in 2021.
The figure is down 3.4% on the previous year and up 91.4% over ten years.
Over the whole period, loans from nonresident banks (net) to gdp in Cyprus peaked at 21.0% in 2012 and was at its lowest, -16.3%, in 2013.
That places Cyprus 24th out of 98 countries with data for 2021, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Loans from nonresident banks (net) to GDP (%) in Cyprus, year by year
| Year | % | Change |
|---|---|---|
| 1993 | -0.5% | — |
| 1994 | 0.0% | -102.8% |
| 1995 | -0.4% | -2791.3% |
| 1996 | 1.0% | -372.8% |
| 1997 | -0.5% | -154.0% |
| 1998 | -0.5% | +2.3% |
| 1999 | 0.2% | -133.1% |
| 2000 | -0.7% | -465.2% |
| 2001 | 1.4% | -305.2% |
| 2002 | -1.5% | -209.1% |
| 2003 | 4.8% | -423.3% |
| 2004 | 1.3% | -73.2% |
| 2005 | 0.0% | -97.0% |
| 2006 | -3.0% | -7932.0% |
| 2007 | -2.2% | -27.5% |
| 2008 | 2.7% | -223.4% |
| 2009 | 1.6% | -38.0% |
| 2010 | -0.9% | -152.1% |
| 2011 | 0.6% | -173.1% |
| 2012 | 21.0% | +3245.8% |
| 2013 | -16.3% | -177.5% |
| 2014 | -0.1% | -99.6% |
| 2015 | -2.1% | +2890.5% |
| 2016 | 0.1% | -106.2% |
| 2017 | -0.0% | -113.6% |
| 2019 | 6.7% | -38479.5% |
| 2020 | 1.2% | -81.5% |
| 2021 | 1.2% | -3.4% |
Cyprus compared with similar countries
- Cyprus's 1.2% is above the median for high income countries, which is 0.3%, 3.5× the median. (55 countries reporting)
- Cyprus's 1.2% is above the median for Europe & Central Asia, which is 0.1%, 9.8× the median. (37 countries reporting)
Biggest year-on-year movements
Years where Loans from nonresident banks (net) to GDP (%) 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 |
|---|---|---|---|
| 2019 | +38479.5% | -0.0% | 6.7% |
| 2006 | -7932.0% | 0.0% | -3.0% |
| 2012 | +3245.8% | 0.6% | 21.0% |
| 2015 | -2890.5% | -0.1% | -2.1% |
| 1995 | -2791.3% | 0.0% | -0.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -0.1% | -0.5% | 1.0% | 7 |
| 2000s | 0.4% | -3.0% | 4.8% | 10 |
| 2010s | 1.0% | -16.3% | 21.0% | 9 |
| 2020s | 1.2% | 1.2% | 1.2% | 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 (net) to gdp in Cyprus?
- Loans from nonresident banks (net) to gdp in Cyprus was 1.2% in 2021, according to Bank for International Settlements (BIS).
- What is the highest loans from nonresident banks (net) to gdp recorded in Cyprus?
- The highest recorded value was 21.0% in 2012.
- What is the lowest loans from nonresident banks (net) to gdp recorded in Cyprus?
- The lowest recorded value was -16.3% in 2013.
- How does Cyprus rank for loans from nonresident banks (net) to gdp?
- Cyprus ranks 24th out of 98 countries with data for 2021.
- Is loans from nonresident banks (net) to gdp rising or falling in Cyprus?
- Over the last ten years it is up 91.4%. 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 (net) to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Ratio of net 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 12A (Net Issues): International debt securities - all issuers.