Cyprus Private Credit to GDP
56.7%▼ −3.91 pt
Dec 2024 · Annual
Private credit as a share of GDP in Cyprus dropped to 56.66% in 2024 from 60.57% in 2023, marking the lowest reading since the series began in 2001. The ratio remains well below the all-time high of 254.67% recorded in 2013.
| Actual | Previous | Highest | Lowest | Dates | Frequency |
|---|---|---|---|---|---|
| 56.7% | 60.6% | 254.7%Dec 2013 | 56.7%Dec 2024 | 2001 – 2024 | Annual |
Related indicators
| Indicator | Last | Previous | Highest | Lowest | Last updated | Frequency |
|---|---|---|---|---|---|---|
| Interest Rate | 2.3% | 2.3% | 4.8% | 0.0% | Aug 2026 | Monthly |
| GDP | $41.2B | $37.6B | $41.2B | $489.9M | Dec 2025 | Annual |
About this series
Private Credit to GDP in Cyprus averaged 168.1% from 2001 until 2024, reaching an all-time high of 254.7% in Dec 2013 and a record low of 56.7% in Dec 2024. The series is reported yearly with history from 2001.
Private credit to GDP measures total credit extended to the private sector by financial institutions relative to the country's gross domestic product. The indicator is expressed as a percentage of GDP and reported on an annual basis. The series for Cyprus spans from 2001 to 2024.
Source & methodology
We use primary economic sources for every country. See our methodology page for how we source and verify this data.
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