Payment services (sent), direct debits and credit transfers (Euro) in Cyprus
Cyprus: Payment services (sent), direct debits and credit transfers (Euro) was 77,169 in 2021. ◆ Volatile
Payment services (sent), direct debits and credit transfers in Cyprus, 2007–2021
Source: European Central Bank.
Analysis
The most recent figure for payment services (sent), direct debits and credit transfers in Cyprus is 77,169, measured in 2021.
That represents a change of down 4.6% on the previous year and down 81.3% over ten years.
Over the whole period, payment services (sent), direct debits and credit transfers in Cyprus peaked at 687,992 in 2012 and was at its lowest, 1,641, in 2007.
Cyprus ranks 24th of 24 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Payment services (sent), direct debits and credit transfers (Euro) in Cyprus, year by year
| Year | Value | Change |
|---|---|---|
| 2007 | 1,641 | — |
| 2008 | 243,295 | +14729.6% |
| 2009 | 302,860 | +24.5% |
| 2010 | 445,079 | +47.0% |
| 2011 | 412,248 | -7.4% |
| 2012 | 687,992 | +66.9% |
| 2013 | 479,527 | -30.3% |
| 2014 | 131,138 | -72.7% |
| 2015 | 81,846 | -37.6% |
| 2016 | 58,484 | -28.5% |
| 2017 | 71,004 | +21.4% |
| 2018 | 79,149 | +11.5% |
| 2019 | 72,246 | -8.7% |
| 2020 | 80,913 | +12.0% |
| 2021 | 77,169 | -4.6% |
Cyprus compared with similar countries
- Cyprus's 77,169 is below the median for Europe & Central Asia, which is 1.21 million, 6% of the median. (23 countries reporting)
- Cyprus's 77,169 is below the median for high income countries, which is 1.18 million, 7% of the median. (24 countries reporting)
Biggest year-on-year movements
Years where Payment services (sent), direct debits and credit transfers (Euro) 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 |
|---|---|---|---|
| 2008 | +14729.6% | 1,641 | 243,295 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 182,599 | 1,641 | 302,860 | 3 |
| 2010s | 251,871 | 58,484 | 687,992 | 10 |
| 2020s | 79,041 | 77,169 | 80,913 | 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 payment services (sent), direct debits and credit transfers in Cyprus?
- Payment services (sent), direct debits and credit transfers in Cyprus was 77,169 in 2021, according to European Central Bank.
- What is the highest payment services (sent), direct debits and credit transfers recorded in Cyprus?
- The highest recorded value was 687,992 in 2012.
- What is the lowest payment services (sent), direct debits and credit transfers recorded in Cyprus?
- The lowest recorded value was 1,641 in 2007.
- How does Cyprus rank for payment services (sent), direct debits and credit transfers?
- Cyprus ranks 24th out of 24 countries with data for 2021.
- Is payment services (sent), direct debits and credit transfers rising or falling in Cyprus?
- Over the last ten years it is down 81.3%. The long-run trend across the full record is volatile.
- Where does this Cyprus data come from?
- The figures come from European Central Bank, published as part of Payment services (sent), direct debits and credit transfers (Euro, Euro). Statizoid updates them automatically from the source API.
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