Formal & Mobile Money Savings Statistics in Cyprus (2026)
In 2021, 28.1% of adults in Cyprus saved at a formal financial institution or using a mobile money account, according to World Bank Global Findex data. Up from 26% in 2017 to 28.1% in 2021 (+2.1 percentage points). Cyprus ranks #29 of 46 economies in Europe & Central Asia on this measure, and #75 of 142 globally.
Key Statistics
- Latest value (2021)
- 28.1% (2021)
- Formal & Mobile Money Savings in Cyprus as of 2021, the most recent observation in World Bank Global Findex data.
- Change since 2017
- +2.1 pp (2021)
- Up from 26% in 2017 to 28.1% in 2021 (+2.1 percentage points).
- Earliest value in this dataset (2011)
- 30.4% (2011)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Down from 30.4% in 2011 to 28.1% in 2021.
- Peak value (2011)
- 30.4% (2011)
- Highest value in the available series; the 2021 value is 28.1%.
- Rank in Europe & Central Asia
- #29 of 46 (2021)
- Cyprus ranks 29 of 46 countries in Europe & Central Asia with data, based on each country's latest value.
- Global rank
- #75 of 142 (2021)
- Cyprus ranks 75 of 142 countries with data globally.
- Europe & Central Asia average
- 41% (2021)
- Cyprus (28.1%) is below the average of 41% across the 46 countries in Europe & Central Asia with data.
- Saved at a bank or similar financial institution (% age 15+) (2021)
- 28.1% (2021)
- Related indicator from World Bank Global Findex.
- Internet use in Cyprus (2024)
- 89.6% (2024)
- 89.6% of the population in Cyprus used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 1.4 million (2024)
- Cyprus had a population of 1.4 million in 2024 (World Bank); shown for scale only.
Trend, 2011–2021
| Year | % of adults (age 15+) | Change |
|---|---|---|
| 2021 | 28.1% | +2.1 pp |
| 2017 | 26% | +4.1 pp |
| 2014 | 22% | −8.5 pp |
| 2011 | 30.4% | — |
Frequently asked questions
What share of adults in Cyprus saved at a formal financial institution or using a mobile money account?
28.1% of adults in Cyprus saved at a formal financial institution or using a mobile money account in 2021, according to World Bank Global Findex data.
When did formal & mobile money savings in Cyprus peak?
The highest value in the available series was 30.4% in 2011; the latest (2021) value is 28.1%.
How recent is the formal & mobile money savings data for Cyprus?
The most recent observation is from 2021. World Bank Global Findex data is reported with a lag, so 2021 is the latest available year for Cyprus.
Where does the formal & mobile money savings data for Cyprus come from?
The data comes from the World Bank Global Findex (indicator fin17a.17a1.d). The latest observation for Cyprus is from 2021; the snapshot was retrieved on 2026-06-10.
Source & methodology
Source: World Bank Global Findex, indicator
fin17a.17a1.d, retrieved .
Figures are shown exactly as published in the source dataset; only the change column of the trend table is computed from adjacent published values.Read more on the methodology page. All figures are estimates and projections; this is not financial advice.
Last updated .