Cyprus: Monetary freedom

* indicates monthly or quarterly data series
 Cyprus

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
The latest value from 2024 is 74.5 points, a decline from 81.5 points in 2023. In comparison, the world average is 67.58 points, based on data from 174 countries. Historically, the average for Cyprus from 1996 to 2024 is 82.77 points. The minimum value, 74.5 points, was reached in 2024 while the maximum of 87.6 points was recorded in 2011. 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 data
Cyprus - Monetary freedom - Recent values chart

Historical series
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.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

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 Related indicators Latest 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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