Secondary income balance (credit less debit), Net (credits less) in Cyprus
Cyprus: Secondary income balance (credit less debit), Net (credits less) was -393.28 million in 2024. ◆ Volatile
Secondary income balance (credit less debit), Net (credits less) in Cyprus, 2005–2024
Source: International Monetary Fund.
Analysis
The most recent figure for secondary income balance (credit less debit), net (credits less) in Cyprus is -393.28 million, measured in 2024.
The figure is up 14.3% on the previous year and up 27.6% over ten years.
Over the whole period, secondary income balance (credit less debit), net (credits less) in Cyprus peaked at 206.18 million in 2006 and was at its lowest, -543.40 million, in 2014.
That places Cyprus 156th out of 197 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Secondary income balance (credit less debit), Net (credits less) in Cyprus, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 92.13 million | — |
| 2006 | 206.18 million | +123.8% |
| 2007 | -13.25 million | -106.4% |
| 2008 | -100.61 million | +659.1% |
| 2009 | -276.80 million | +175.1% |
| 2010 | -254.28 million | -8.1% |
| 2011 | -307.95 million | +21.1% |
| 2012 | -315.55 million | +2.5% |
| 2013 | -445.88 million | +41.3% |
| 2014 | -543.40 million | +21.9% |
| 2015 | -468.34 million | -13.8% |
| 2016 | -406.46 million | -13.2% |
| 2017 | -372.96 million | -8.2% |
| 2018 | -429.55 million | +15.2% |
| 2019 | -305.44 million | -28.9% |
| 2020 | -410.20 million | +34.3% |
| 2021 | -406.57 million | -0.9% |
| 2022 | -273.21 million | -32.8% |
| 2023 | -458.80 million | +67.9% |
| 2024 | -393.28 million | -14.3% |
Cyprus compared with similar countries
- Cyprus's -393.28 million is below the median for high income countries, which is -347.77 million, 1.1× the median. (72 countries reporting)
- Cyprus's -393.28 million is below the median for Europe & Central Asia, which is -31.75 million, 12.4× the median. (50 countries reporting)
Biggest year-on-year movements
Years where Secondary income balance (credit less debit), Net (credits less) 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 | -659.1% | -13.25 million | -100.61 million |
| 2009 | -175.1% | -100.61 million | -276.80 million |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -18.47 million | -276.80 million | 206.18 million | 5 |
| 2010s | -384.98 million | -543.40 million | -254.28 million | 10 |
| 2020s | -388.41 million | -458.80 million | -273.21 million | 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 secondary income balance (credit less debit), net (credits less) in Cyprus?
- Secondary income balance (credit less debit), net (credits less) in Cyprus was -393.28 million in 2024, according to International Monetary Fund.
- What is the highest secondary income balance (credit less debit), net (credits less) recorded in Cyprus?
- The highest recorded value was 206.18 million in 2006.
- What is the lowest secondary income balance (credit less debit), net (credits less) recorded in Cyprus?
- The lowest recorded value was -543.40 million in 2014.
- How does Cyprus rank for secondary income balance (credit less debit), net (credits less)?
- Cyprus ranks 156th out of 197 countries with data for 2024.
- Is secondary income balance (credit less debit), net (credits less) rising or falling in Cyprus?
- Over the last ten years it is up 27.6%. The long-run trend across the full record is volatile.
- Where does this Cyprus data come from?
- The figures come from International Monetary Fund, published as part of Secondary income balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.