Cyprus: Financial freedom

* indicates monthly or quarterly data series
 Cyprus

Financial freedom index (0-100)

 Latest value 60
 Year 2024
 Measure points
 Data availability 1996 - 2024
 Average 64
 Min - Max 50 - 70
 Source The Heritage Foundation
For that indicator, we provide data for Cyprus from 1996 to 2024. The average value for Cyprus during that period was 64 points with a minimum of 50 points in 2014 and a maximum of 70 points in 1996. The latest value from 2024 is 60 points. For comparison, the world average in 2024 based on 175 countries is 49 points. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Cyprus - Financial freedom - Recent values chart

Historical chart
Cyprus - Financial freedom - historical chart - 1996-2024




The Financial Freedom index for Cyprus from The Heritage Foundation measures the efficiency of the banking system and the interventions of the government into the financial system. A higher score means more efficient banking institutions and less government intervention.
Definition: The Financial freedom index evaluates: the extent of government regulation of financial services, the degree of state intervention in banks and other financial firms through direct and indirect ownership, the extent of financial and capital market development, government influence on the allocation of credit and openness to foreign competition. Higher index values denote banking efficiency and independence from government control and interference in the financial sector.


 Related indicators Latest value Reference Measure
 Property rights 84 2024 points
 Freedom from corruption 56 2024 points
 Fiscal freedom 79 2024 points
 Business freedom 79 2024 points
 Labor freedom 67 2024 points
 Monetary freedom 74.50 2024 points
 Trade freedom 79 2024 points
 Investment freedom 75 2024 points
 Financial freedom 60 2024 points
 Economic freedom, overall index 72 2024 index points
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