Net domestic credit in Cyprus
Cyprus: Net domestic credit was 24.91 billion current LCU in 2024. ▼ Falling
Net domestic credit in Cyprus, 2005–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2024, net domestic credit in Cyprus stood at 24.91 billion current LCU. That is the lowest value across all 20 years on record.
Compared with earlier readings it is down 0.4% on the previous year and down 53.8% over ten years.
Over the whole period, net domestic credit in Cyprus peaked at 61.71 billion current LCU in 2012 and was at its lowest, 24.91 billion current LCU, in 2024.
Cyprus ranks 153rd of 186 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 20 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 40.29 billion current LCU | 29.45 billion current LCU | 51.70 billion current LCU | 5 |
| 2010s | 50.27 billion current LCU | 31.57 billion current LCU | 61.71 billion current LCU | 10 |
| 2020s | 27.43 billion current LCU | 24.91 billion current LCU | 30.56 billion current LCU | 5 |
Countries ranked near Cyprus
More financial sector data for Cyprus
- Domestic credit to private sector 56.7% (2024)
- Claims on central government, etc. 11.6% (2024)
- Monetary Sector credit to private sector 56.7% (2024)
- Net foreign assets 31.88 billion current LCU (2024)
- Total reserves in months of imports 0.5319 (2025)
- Net migration 7,749 (2025)
- Domestic credit to private sector by banks 56.6% (2024)
- Official exchange rate 0.885 LCU per US$, period average (2025)
- GDP deflator: linked series 118.99 base year varies by country (2025)
- Inflation, GDP deflator: linked series 1.1% (2025)
Frequently asked questions
- What is net domestic credit in Cyprus?
- Net domestic credit in Cyprus was 24.91 billion current LCU in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest net domestic credit recorded in Cyprus?
- The highest recorded value was 61.71 billion current LCU in 2012.
- What is the lowest net domestic credit recorded in Cyprus?
- The lowest recorded value was 24.91 billion current LCU in 2024.
- How does Cyprus rank for net domestic credit?
- Cyprus ranks 153rd out of 186 countries with data for 2024.
- Is net domestic credit rising or falling in Cyprus?
- Over the last ten years it is down 53.8%. The long-run trend across the full record is falling.
- Where does this Cyprus data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Net domestic credit (current LCU). Statizoid updates them automatically from the source API.
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About this data
Net domestic credit is the sum of net claims on the central government and claims on other sectors of the domestic economy. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.