Cyprus: Financial institutions development, access

The latest value from 2021 is 0.505 index points, a decline from 0.542 index points in 2020. In comparison, the world average is 0.363 index points, based on data from 175 countries. Historically, the average for Cyprus from 1980 to 2021 is 0.72 index points. The minimum value, 0.505 index points, was reached in 2021 while the maximum of 0.815 index points was recorded in 2010. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: Measures access to financial services as a principal component of the following two variables: Bank branches per 100,000 adults and ATMs per 100,000 adults. See Svirydzenka, Katsiaryna (IMF, 2016) for more detail.