Formal Borrowing Statistics in Cyprus (2026)
In 2021, 31.2% of adults in Cyprus borrowed from a formal financial institution, according to World Bank Global Findex data. Up from 24.9% in 2017 to 31.2% in 2021 (+6.4 percentage points). Cyprus ranks #23 of 46 economies in Europe & Central Asia on this measure, and #37 of 142 globally.
Key Statistics
- Latest value (2021)
- 31.2% (2021)
- Formal Borrowing in Cyprus as of 2021, the most recent observation in World Bank Global Findex data.
- Change since 2017
- +6.4 pp (2021)
- Up from 24.9% in 2017 to 31.2% in 2021 (+6.4 percentage points).
- Earliest value in this dataset (2014)
- 29.3% (2014)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from 29.3% in 2014 to 31.2% in 2021.
- Record high (2021)
- 31.2% (2021)
- The 2021 value is the highest in the available World Bank Global Findex series for Cyprus.
- Rank in Europe & Central Asia
- #23 of 46 (2021)
- Cyprus ranks 23 of 46 countries in Europe & Central Asia with data, based on each country's latest value.
- Global rank
- #37 of 142 (2021)
- Cyprus ranks 37 of 142 countries with data globally.
- Europe & Central Asia average
- 33.3% (2021)
- Cyprus (31.2%) is below the average of 33.3% across the 46 countries in Europe & Central Asia with data.
- Among women (2021)
- 29.3% (2021)
- Value for women in Cyprus, same 2021 World Bank Global Findex data.
- Among men (2021)
- 33.5% (2021)
- Value for men in Cyprus, same 2021 World Bank Global Findex data.
- Gender gap (women minus men)
- −4.2 pp (2021)
- In 2021, the figure was 29.3% for women and 33.5% for men — 4.2 percentage points lower among women.
- Among the poorest 40% (2021)
- 28.5% (2021)
- Value for adults in the poorest 40% of households in Cyprus in 2021.
- Poorest-40% gap vs national
- −2.8 pp (2021)
- The poorest 40% (28.5%) are 2.8 percentage points below the national figure (31.2%).
- 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, 2014–2021
| Year | % of adults (age 15+) | Change |
|---|---|---|
| 2021 | 31.2% | +6.4 pp |
| 2017 | 24.9% | −4.5 pp |
| 2014 | 29.3% | — |
Frequently asked questions
What share of adults in Cyprus borrowed from a formal financial institution?
31.2% of adults in Cyprus borrowed from a formal financial institution in 2021, according to World Bank Global Findex data.
Where does the formal borrowing data for Cyprus come from?
The data comes from the World Bank Global Findex (indicator fin22a). The latest observation for Cyprus is from 2021; the snapshot was retrieved on 2026-06-10.
How has formal borrowing in Cyprus changed over time?
World Bank Global Findex data show a rise from 29.3% in 2014 to 31.2% in 2021.
Source & methodology
Source: World Bank Global Findex, indicator
fin22a, 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 .