Turkish Cypriots owe €4,854 per capita

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Turkish Cypriots owe €4,854 per capita
 © CyprusWeekly 2017
Personal debt in the north has reached a total of €3.384 billion for 2016, with debt per capita standing at ₺19,000 (€4,854).

The figures represent a whopping 178.4% increase in personal debt since 2010.

According to data provided by the central bank authorities in the north, personal debt in 2010 per capita stood at ₺6,759 (€1,726). In 2011 it rose to ₺8,900 (€2,273), in 2012 to ₺10,013 (€2,557). Personal debt per capital figures take off in 2013 to reach ₺16,038 (€4,097). In 2014 personal debt per capita was ₺16,267 (€4,155) and in 2015 ₺17,818 €(4,551).

Turkish Cypriot central bank...


Turkish Cypriots owe €4,854 per capita


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