Total factoring volume to GDP (%) in Cyprus
Cyprus: Total factoring volume to GDP (%) was 15.2% in 2020. ▼ Falling
Total factoring volume to GDP in Cyprus, 2007–2020
Source: Factors Chain International. Measured in %.
Analysis
In 2020, total factoring volume to gdp in Cyprus stood at 15.2%.
The figure is up 5.8% on the previous year and down 15.2% over ten years.
Over the whole period, total factoring volume to gdp in Cyprus peaked at 19.0% in 2011 and was at its lowest, 13.2%, in 2015.
That places Cyprus 8th out of 73 countries with data for 2020, putting it in the top 10%.
The long-run direction has been consistently falling across the 14 years of available data.
Total factoring volume to GDP (%) in Cyprus, year by year
| Year | % | Change |
|---|---|---|
| 2007 | 17.0% | — |
| 2008 | 17.1% | +0.9% |
| 2009 | 17.9% | +4.7% |
| 2010 | 17.9% | -0.4% |
| 2011 | 19.0% | +6.6% |
| 2012 | 17.7% | -7.3% |
| 2013 | 16.3% | -7.7% |
| 2014 | 14.0% | -14.0% |
| 2015 | 13.2% | -5.4% |
| 2016 | 14.7% | +11.1% |
| 2017 | 14.9% | +1.5% |
| 2018 | 16.2% | +8.6% |
| 2019 | 14.3% | -11.7% |
| 2020 | 15.2% | +5.8% |
Cyprus compared with similar countries
- Cyprus's 15.2% is above the median for high income countries, which is 5.9%, 2.6× the median. (44 countries reporting)
- Cyprus's 15.2% is above the median for Europe & Central Asia, which is 5.9%, 2.6× the median. (38 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 17.3% | 17.0% | 17.9% | 3 |
| 2010s | 15.8% | 13.2% | 19.0% | 10 |
| 2020s | 15.2% | 15.2% | 15.2% | 1 |
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 total factoring volume to gdp in Cyprus?
- Total factoring volume to gdp in Cyprus was 15.2% in 2020, according to Factors Chain International.
- What is the highest total factoring volume to gdp recorded in Cyprus?
- The highest recorded value was 19.0% in 2011.
- What is the lowest total factoring volume to gdp recorded in Cyprus?
- The lowest recorded value was 13.2% in 2015.
- How does Cyprus rank for total factoring volume to gdp?
- Cyprus ranks 8th out of 73 countries with data for 2020.
- Is total factoring volume to gdp rising or falling in Cyprus?
- Over the last ten years it is down 15.2%. The long-run trend across the full record is falling.
- Where does this Cyprus data come from?
- The figures come from Factors Chain International, published as part of Total factoring volume to GDP (%). Statizoid updates them automatically from the source API.
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About this data
GDP data provided by IFS and converted into USD using IFS exchange rates.