2022-2023 Cyprus Country Report
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CYPRUSCOUNTRY REPORT <strong>2022</strong><br />
UNEMPLOYMENT RATE (%)<br />
IMF EC Sapienta<br />
8.0<br />
2019 2020 2021<br />
<strong>2022</strong> (f) <strong>2023</strong> (f) 2024 (f)<br />
7.0<br />
6.0<br />
5.0<br />
CREDIT RATINGS<br />
Standard & Poor’s<br />
BBB<br />
POSITIVE<br />
DBRS<br />
BBB<br />
STABLE<br />
Fitch Ratings<br />
BBB-<br />
STABLE<br />
Moody’s<br />
BA1<br />
STABLE<br />
NPE RATIO<br />
(non-performing exposures as % of gross loans; scaled y-axis)<br />
Source: Central Bank of <strong>Cyprus</strong><br />
50<br />
40<br />
30<br />
20<br />
10<br />
0<br />
46.4<br />
42.5<br />
30.5<br />
28.0<br />
DEC’16 DEC’17 DEC’18<br />
DEC’19 DEC’20 DEC’21<br />
17.7<br />
11.1<br />
27
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