Net domestic credit (current LCU) in Cyprus
Cyprus: Net domestic credit (current LCU) was 24.91 billion current LCU in 2024. ▼ Falling
Net domestic credit in Cyprus, 2005–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2024, net domestic credit in Cyprus stood at 24.91 billion current LCU. That is the lowest value across all 20 years on record.
Compared with earlier readings it is down 0.4% on the previous year and down 53.8% over ten years.
Over the whole period, net domestic credit in Cyprus peaked at 61.71 billion current LCU in 2012 and was at its lowest, 24.91 billion current LCU, in 2024.
Cyprus ranks 153rd of 187 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 20 years of available data.
Net domestic credit (current LCU) in Cyprus, year by year
| Year | current LCU | Change |
|---|---|---|
| 2005 | 29.45 billion current LCU | — |
| 2006 | 32.84 billion current LCU | +11.5% |
| 2007 | 38.57 billion current LCU | +17.5% |
| 2008 | 48.89 billion current LCU | +26.8% |
| 2009 | 51.70 billion current LCU | +5.7% |
| 2010 | 55.29 billion current LCU | +6.9% |
| 2011 | 58.95 billion current LCU | +6.6% |
| 2012 | 61.71 billion current LCU | +4.7% |
| 2013 | 55.53 billion current LCU | -10.0% |
| 2014 | 53.88 billion current LCU | -3.0% |
| 2015 | 54.72 billion current LCU | +1.6% |
| 2016 | 48.17 billion current LCU | -12.0% |
| 2017 | 46.36 billion current LCU | -3.8% |
| 2018 | 36.55 billion current LCU | -21.2% |
| 2019 | 31.57 billion current LCU | -13.6% |
| 2020 | 30.56 billion current LCU | -3.2% |
| 2021 | 29.51 billion current LCU | -3.4% |
| 2022 | 27.15 billion current LCU | -8.0% |
| 2023 | 25.02 billion current LCU | -7.9% |
| 2024 | 24.91 billion current LCU | -0.4% |
Cyprus compared with similar countries
- Cyprus's 24.91 billion current LCU is below the median for high income countries, which is 701.01 billion current LCU, 4% of the median. (61 countries reporting)
- Cyprus's 24.91 billion current LCU is below the median for Europe & Central Asia, which is 629.86 billion current LCU, 4% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 40.29 billion current LCU | 29.45 billion current LCU | 51.70 billion current LCU | 5 |
| 2010s | 50.27 billion current LCU | 31.57 billion current LCU | 61.71 billion current LCU | 10 |
| 2020s | 27.43 billion current LCU | 24.91 billion current LCU | 30.56 billion current LCU | 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 net domestic credit in Cyprus?
- Net domestic credit in Cyprus was 24.91 billion current LCU in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest net domestic credit recorded in Cyprus?
- The highest recorded value was 61.71 billion current LCU in 2012.
- What is the lowest net domestic credit recorded in Cyprus?
- The lowest recorded value was 24.91 billion current LCU in 2024.
- How does Cyprus rank for net domestic credit?
- Cyprus ranks 153rd out of 187 countries with data for 2024.
- Is net domestic credit rising or falling in Cyprus?
- Over the last ten years it is down 53.8%. 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 Net domestic credit (current LCU). Statizoid updates them automatically from the source API.
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About this data
Net domestic credit is the sum of net claims on the central government and claims on other sectors of the domestic economy. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.