Bank loans as a share of GDP reached 237 % in 2017 in Cyprus, according to the National Central Bank. This is 1.05 % less than in the previous year.
Historically, bank loans as a share of GDP in Cyprus reached an all time high of 519 % in 2012 and an all time low of 237 % in 2017. When compared to Cyprus's main peers, bank loans as a share of GDP in Greece amounted to 124 %, 80.3 % in Israel and 71.1 % in Turkey in 2017.
Cyprus has been ranked 3rd within the group of 108 countries we follow in terms of bank loans as a share of GDP.
A bank loan is a type of debt.