Cyprus Private Credit (% GDP)

Cyprus' private credit (% GDP) fell to 58.69% in 2024, down from 62.7% in 2023, according to World Bank. This represents a decrease of 4.01% from the previous year. Cyprus has private credit (% GDP) higher than the global median (58.69% vs median 39.47%). Compared with the median in Europe, Cyprus is higher (58.69% vs regional median 54.79%) and ranks 20th out of 41 countries in Europe.

Yearly Historical Data (2001-2024)

(in %)

Year	Private Credit (% GDP)
2024	58.69%
2023	62.7%
2022	71.45%
2021	87.4%
2020	106.47%
2019	106.68%
2018	135.32%
2017	191.78%
2016	216.24%
2015	243.42%
2014	251.83%
2013	254.67%
2012	249.22%
2011	242.54%
2010	234.25%
2009	226.36%
2008	212.21%
2007	180.68%
2006	162.94%
2005	156.68%
2004	147.34%
2003	147.2%
2002	149.49%
2001	144.42%

Cyprus Private Credit (% GDP) : Definition

Private Credit (% GDP) measures credit extended to the private sector by financial institutions during the period, expressed as a percentage of nominal GDP for Cyprus.