Private Sector Credit Statistics in Cyprus (2026)
As of 2024, domestic credit to the private sector in Cyprus was 56.7% of GDP, per World Bank World Development Indicators data. Down from 60.6% of GDP in 2023 to 56.7% of GDP in 2024 (−3.9 percentage points). Cyprus ranks #21 of 47 economies in Europe & Central Asia on this measure, and #60 of 160 globally.
Key Statistics
- Latest value (2024)
- 56.7% of GDP (2024)
- Private Sector Credit in Cyprus as of 2024, the most recent observation in World Bank World Development Indicators data.
- Change since 2023
- −3.9 pp (2024)
- Down from 60.6% of GDP in 2023 to 56.7% of GDP in 2024 (−3.9 percentage points).
- Earliest value in this dataset (2001)
- 144.4% of GDP (2001)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Down from 144.4% of GDP in 2001 to 56.7% of GDP in 2024.
- Peak value (2013)
- 254.7% of GDP (2013)
- Highest value in the available series; the 2024 value is 56.7% of GDP.
- Rank in Europe & Central Asia
- #21 of 47 (2024)
- Cyprus ranks 21 of 47 countries in Europe & Central Asia with data, based on each country's latest value.
- Global rank
- #60 of 160 (2024)
- Cyprus ranks 60 of 160 countries with data globally.
- Europe & Central Asia average
- 57.3% of GDP (2024)
- Cyprus (56.7% of GDP) is below the average of 57.3% of GDP across the 47 countries in Europe & Central Asia with data.
- Domestic credit to private sector by banks (% of GDP) (2024)
- 56.6% (2024)
- Related indicator from World Bank World Development Indicators.
- Outstanding loans from commercial banks, percent of GDP (2024)
- 58.9% (2024)
- Related indicator from IMF Financial Access Survey (alternative source for cross-checking; not merged with the main series).
- 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, 2001–2024
| Year | % of GDP | Change |
|---|---|---|
| 2024 | 56.7% | −3.9 pp |
| 2023 | 60.6% | −10.2 pp |
| 2022 | 70.8% | −16.6 pp |
| 2021 | 87.4% | −19.1 pp |
| 2020 | 106.5% | −0.2 pp |
| 2019 | 106.7% | −28.6 pp |
| 2018 | 135.3% | −56.5 pp |
| 2017 | 191.8% | −24.5 pp |
| 2016 | 216.2% | −27.2 pp |
| 2015 | 243.4% | −8.4 pp |
| 2014 | 251.8% | −2.8 pp |
| 2013 | 254.7% | +5.4 pp |
| 2012 | 249.2% | +6.7 pp |
| 2011 | 242.5% | +8.3 pp |
| 2010 | 234.3% | +7.9 pp |
| 2009 | 226.4% | +14.1 pp |
| 2008 | 212.2% | +31.5 pp |
| 2007 | 180.7% | +17.7 pp |
| 2006 | 162.9% | +6.3 pp |
| 2005 | 156.7% | +9.3 pp |
| 2004 | 147.3% | +0.1 pp |
| 2003 | 147.2% | −2.3 pp |
| 2002 | 149.5% | +5.1 pp |
| 2001 | 144.4% | — |
Frequently asked questions
What is the latest figure for domestic credit to the private sector in Cyprus?
Domestic credit to the private sector in Cyprus stood at 56.7% of GDP in 2024, according to World Bank World Development Indicators data.
How recent is the private sector credit data for Cyprus?
The most recent observation is from 2024. World Bank World Development Indicators data is reported with a lag, so 2024 is the latest available year for Cyprus.
Where does the private sector credit data for Cyprus come from?
The data comes from the World Bank World Development Indicators (indicator FS.AST.PRVT.GD.ZS). The latest observation for Cyprus is from 2024; the snapshot was retrieved on 2026-06-10.
How has private sector credit in Cyprus changed over time?
World Bank World Development Indicators data show a decline from 144.4% of GDP in 2001 to 56.7% of GDP in 2024.
How does Cyprus compare with other countries in Europe & Central Asia?
Cyprus ranks 21 of 47 countries in Europe & Central Asia with data, with 56.7% of GDP versus a regional average of 57.3% of GDP (latest values per country).
Source & methodology
Source: World Bank, World Development Indicators, indicator
FS.AST.PRVT.GD.ZS, 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 .