Private credit by deposit money banks to GDP in Cyprus
Cyprus: Private credit by deposit money banks to GDP was 180.6% in 2007. ▲ Rising
Private credit by deposit money banks to GDP in Cyprus, 1975–2007
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
In 2007, private credit by deposit money banks to gdp in Cyprus stood at 180.6%. That is the highest value across all 33 years on record.
Compared with earlier readings it is up 10.9% on the previous year and up 36.9% over ten years.
Over the whole period, private credit by deposit money banks to gdp in Cyprus peaked at 180.6% in 2007 and was at its lowest, 57.4%, in 1984.
That places Cyprus 3rd out of 187 countries with data for 2007, putting it in the top 10%.
The long-run direction has been consistently rising across the 33 years of available data.
Private credit by deposit money banks to GDP in Cyprus, year by year
| Year | % | Change |
|---|---|---|
| 1975 | 81.5% | — |
| 1976 | 68.6% | -15.7% |
| 1977 | 68.8% | +0.2% |
| 1978 | 67.7% | -1.5% |
| 1979 | 65.3% | -3.7% |
| 1980 | 61.5% | -5.8% |
| 1981 | 60.4% | -1.8% |
| 1982 | 59.9% | -0.9% |
| 1983 | 59.9% | +0.0% |
| 1984 | 57.4% | -4.1% |
| 1985 | 59.5% | +3.7% |
| 1986 | 61.3% | +3.0% |
| 1987 | 61.6% | +0.5% |
| 1988 | 90.0% | +46.2% |
| 1989 | 94.4% | +4.8% |
| 1990 | 99.7% | +5.6% |
| 1991 | 109.8% | +10.2% |
| 1992 | 110.9% | +1.0% |
| 1993 | 118.9% | +7.3% |
| 1994 | 121.2% | +1.9% |
| 1995 | 114.2% | -5.8% |
| 1996 | 124.6% | +9.1% |
| 1997 | 131.9% | +5.9% |
| 1998 | 135.9% | +3.0% |
| 1999 | 148.3% | +9.2% |
| 2000 | 151.3% | +2.0% |
| 2001 | 84.5% | -44.1% |
| 2002 | 87.5% | +3.5% |
| 2003 | 86.1% | -1.5% |
| 2004 | 86.2% | +0.1% |
| 2005 | 156.5% | +81.5% |
| 2006 | 162.8% | +4.0% |
| 2007 | 180.6% | +10.9% |
Cyprus compared with similar countries
- Cyprus's 180.6% is above the median for high income countries, which is 79.1%, 2.3× the median. (62 countries reporting)
- Cyprus's 180.6% is above the median for Europe & Central Asia, which is 56.3%, 3.2× the median. (49 countries reporting)
Biggest year-on-year movements
Years where Private credit by deposit money banks 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 |
|---|---|---|---|
| 2005 | +81.5% | 86.2% | 156.5% |
| 2001 | -44.1% | 151.3% | 84.5% |
| 1988 | +46.2% | 61.6% | 90.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 70.4% | 65.3% | 81.5% | 5 |
| 1980s | 66.6% | 57.4% | 94.4% | 10 |
| 1990s | 121.5% | 99.7% | 148.3% | 10 |
| 2000s | 124.5% | 84.5% | 180.6% | 8 |
Countries ranked near Cyprus
- 1 Hong Kong, China 260.0% compare
- 2 Macau, China 238.2% compare
- 4 China 178.1% compare
- 5 Korea 171.5% compare
- 6 Switzerland 168.5% compare
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 private credit by deposit money banks to gdp in Cyprus?
- Private credit by deposit money banks to gdp in Cyprus was 180.6% in 2007, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest private credit by deposit money banks to gdp recorded in Cyprus?
- The highest recorded value was 180.6% in 2007.
- What is the lowest private credit by deposit money banks to gdp recorded in Cyprus?
- The lowest recorded value was 57.4% in 1984.
- How does Cyprus rank for private credit by deposit money banks to gdp?
- Cyprus ranks 3rd out of 187 countries with data for 2007.
- Is private credit by deposit money banks to gdp rising or falling in Cyprus?
- Over the last ten years it is up 36.9%. The long-run trend across the full record is rising.
- Where does this Cyprus data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Private credit by deposit money banks to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Private credit by deposit money banks and other financial institutions to GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is credit to the private sector, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Private credit by deposit money banks (IFS line 22d); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF).