Monetary Sector credit to private sector in Cyprus
Cyprus: Monetary Sector credit to private sector was 56.7% in 2024. ▼ Falling
Monetary Sector credit to private sector in Cyprus, 2001–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % GDP.
Analysis
In 2024, monetary sector credit to private sector in Cyprus stood at 56.7%. That is the lowest value across all 24 years on record.
The figure is down 6.5% on the previous year and down 77.5% over ten years.
Over the whole period, monetary sector credit to private sector in Cyprus peaked at 254.7% in 2013 and was at its lowest, 56.7%, in 2024.
That places Cyprus 58th out of 186 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 24 years of available data.
Monetary Sector credit to private sector in Cyprus, year by year
| Year | % GDP | Change |
|---|---|---|
| 2001 | 144.4% | — |
| 2002 | 149.5% | +3.5% |
| 2003 | 147.2% | -1.5% |
| 2004 | 147.3% | +0.1% |
| 2005 | 156.7% | +6.3% |
| 2006 | 162.9% | +4.0% |
| 2007 | 180.7% | +10.9% |
| 2008 | 212.2% | +17.4% |
| 2009 | 226.4% | +6.7% |
| 2010 | 234.3% | +3.5% |
| 2011 | 242.5% | +3.5% |
| 2012 | 249.2% | +2.8% |
| 2013 | 254.7% | +2.2% |
| 2014 | 251.8% | -1.1% |
| 2015 | 243.4% | -3.3% |
| 2016 | 216.2% | -11.2% |
| 2017 | 191.8% | -11.3% |
| 2018 | 135.3% | -29.4% |
| 2019 | 106.7% | -21.2% |
| 2020 | 106.5% | -0.2% |
| 2021 | 87.4% | -17.9% |
| 2022 | 70.8% | -19.0% |
| 2023 | 60.6% | -14.5% |
| 2024 | 56.7% | -6.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 169.7% | 144.4% | 226.4% | 9 |
| 2010s | 212.6% | 106.7% | 254.7% | 10 |
| 2020s | 76.4% | 56.7% | 106.5% | 5 |
Countries ranked near Cyprus
More financial sector data for Cyprus
- Net domestic credit (current LCU), per capita 18,337 current LCU per person (2024)
- Net domestic credit (current LCU), per unit of GDP 0.6618 current LCU per US$ of GDP (2024)
- Net domestic credit (current LCU), annual growth rate -0.4317 % change on previous year (2024)
- Gold reserves at 35 SDRs per ounce 15.61 million SDR (2025)
- Gold reserves at market value 1.42 billion SDR (2025)
- Reserves excluding gold, foreign exchange 216.14 million SDR (2025)
- Reserves excluding gold 729.85 million SDR (2025)
- Total reserves (gold at market value) 2.15 billion SDR (2025)
- Total reserves (gold at national valuation) 2.13 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 1,557 SDR per person (2025)
Frequently asked questions
- What is monetary sector credit to private sector in Cyprus?
- Monetary sector credit to private sector in Cyprus was 56.7% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest monetary sector credit to private sector recorded in Cyprus?
- The highest recorded value was 254.7% in 2013.
- What is the lowest monetary sector credit to private sector recorded in Cyprus?
- The lowest recorded value was 56.7% in 2024.
- How does Cyprus rank for monetary sector credit to private sector?
- Cyprus ranks 58th out of 186 countries with data for 2024.
- Is monetary sector credit to private sector rising or falling in Cyprus?
- Over the last ten years it is down 77.5%. The long-run trend across the full record is falling.
- Where does this Cyprus data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Monetary Sector credit to private sector (% GDP). Statizoid updates them automatically from the source API.
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About this data
Domestic credit to private sector refers to financial resources provided to the private sector, such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.