Cyprus: Monetary freedom

* indicates monthly or quarterly data series

Monetary freedom index (0-100)

 Latest value 74.50
 Year 2024
 Measure points
 Data availability 1996 - 2024
 Average 82.77
 Min - Max 74.50 - 87.60
 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 82.77 points with a minimum of 74.5 points in 2024 and a maximum of 87.6 points in 2011. The latest value from 2024 is 74.5 points. For comparison, the world average in 2024 based on 174 countries is 67.58 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 - Monetary freedom - Recent values chart

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

The Monetary Freedom index for Cyprus from The Heritage Foundation reflects the stability of prices in Cyprus and the use of price controls by the government. Price stability with minimal price controls is the ideal state for the free market.
Definition: The score for the Monetary freedom index is based on two factors: the weighted average inflation rate for the most recent three years and price controls. Higher index values denote price stability without microeconomic intervention.

 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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