![]() |
Loading... |
Statistics GDP: Greek Cypriot area: purchasing power parity - $21.38 billion (2007 est); Turkish Cypriot area: purchasing power parity - $1.865 million (2006 est. GDP - real growth rate: Greek Cypriot area: 3.9% (2nd Trimester 2008)
Turkish Cypriot area: -2% (2007 est.) GDP - per capita: Greek Cypriot area: purchasing power parity - $15,400 Turkish Cypriot area: purchasing power parity - $11,800 (2006 est.) GDP - composition by sector: Greek Cypriot area: agriculture 2.7%, industry 19.2%, services 78% Turkish Cypriot area: agriculture 8.6%, industry 22.5%, services 69.1% (1998) Population below poverty line: NA% Household income or consumption by percentage share: lowest 10%: NA% highest 10%: NA% Inflation rate (consumer prices): Greek Cypriot area: 4.6% (Jan-July 2008 est.) Turkish Cypriot area: 11.4% (2006 est.) Labor force: Greek Cypriot area: 393,000 (2007 est.) Turkish Cypriot area: 95,030 (2007 est.) Labor force - by occupation: Greek Cypriot area: services 71%, industry 20.5%, agriculture 8.5% (2007 Est.) Turkish Cypriot area: services 56.5%, industry 29%, agriculture 14.5% (2007 est.) Unemployment rate: Greek Cypriot area: 3.7% (July 2008 est.) Turkish Cypriot area: 9.4% (2005 est.) Budget: revenues: Greek Cypriot area - $9.996 billion (2007 est.) Turkish Cypriot area - $2.5 billion (2006 est.) Aid from Turkey amounts to $400 million. expenditures: Greek Cypriot area - $9.304 billion Turkish Cypriot area - $2.5 billion Industries: Greek Cypriot area - tourism, food and beverage processing, cement and gypsum production, ship repair and refurbishment, textiles, light chemicals, metal products, wood, paper, stone, and clay products Turkish Cypriot area - foodstuffs, textiles, clothing, ship repair, clay, gypsum, copper, furniture Industrial production growth rate: Greek Cypriot area: 3.8% (2007 est.) Turkish Cypriot area: -0.3% (2007 est.) Electricity - production: Greek Cypriot area: 4.618 billion kWh (2006) Turkish Cypriot area: 998.9 million kWh (2005) Electricity - production by source: fossil fuel: 100% hydro: 0% nuclear: 0% other: 0% (1998) Electricity - consumption: Greek Cypriot area: 4.135 billion kWh Turkish Cypriot area: 797.9 million kWh (2005) Electricity - exports: 0 kWh (1998) Electricity - imports: 0 kWh (1998) Agriculture - products: Greek Cypriot area - citrus, vegetables, barley, grapes, olives, vegetables; poultry, pork, lamb, dairy, cheese Turkish Cypriot area - citrus fruit, dairy, potatoes, grapes, olives, poultry, lamb Exports: Greek Cypriot area: $1.489 billion f.o.b. (2007 est.) Turkish Cypriot area: $68.1 million, f.o.b. (2007 est.) Exports - commodities: Greek Cypriot area: citrus, potatoes, pharmaceuticals, cement, and clothing Turkish Cypriot area: citrus, dairy, potatoes, textiles Exports - partners: Greek Cypriot area: Greece 21.1%, UK 14.3%, Germany 6.6% (2006) Turkish Cypriot area: Turkey 40%; direct trade between the area administered by Turkish Cypriots and the area under government control remains limited (2006) Imports: Greek Cypriot area: $7.786 billion f.o.b. (2007 est.) Turkish Cypriot area: $1.2 billion, f.o.b. (2007 est.) Imports - commodities: Greek Cypriot area: consumer goods, petroleum and lubricants, intermediate goods, machinery, transport equipment Turkish Cypriot area: vehicles, fuel, cigarettes, food, minerals, chemicals, machinery Imports - partners: Greek Cypriot area: Greece 17.7%, Italy 10.2%, UK 9.6%, Germany 9.4%, Israel 6.5%, France 5.4%, China 5.3%, Netherlands 4.1% (2006) Turkish Cypriot area: Turkey 60%; direct trade between the area administered by Turkish Cypriots and the area under government control remains limited (2006) Debt - external: Greek Cypriot area: $27.69 billion (31 December 2007 est.) Turkish Cypriot area: $NA (Turkey has forgiven most past aid) Stock of direct foreign investment - at home: Greek Cypriot area: $13.18 billion (2007 est.) Turkish Cypriot area: $NA Stock of direct foreign investment - abroad: Greek Cypriot area: $5.324 billion (2007 est.) Turkish Cypriot area: $NA Economic aid - donor: Greek Cypriot area - $25.9 million (2006) Turkish Cypriot area - $NA Economic aid - recipient: Greek Cypriot area - $15 million (2006) Turkish Cypriot area - under a July 2006 agreement, Turkey plans to provide the area administered by Turkish Cypriots 1.875 billion YTL ($1.3 billion) over three years (600 million YTL in 2006, 625 million YTL in 2007 and 650 million YTL in 2008); Currency: Greek Cypriot area: 1 euro = 100 cent since 1 January 2008 previously 1 Cypriot pound = 100 cents; Turkish Cypriot area: 1 Turkish lira (TL) = 100 kurus Reserves of foreign exchange and gold: Greek Cypriot area: $6.507 billion (31 December 2007 est.) Turkish Cypriot area: $NA Exchange rates: Cypriot pounds per US$1 - 0.5688 (January 2000), 0.5423 (1999), 0.5170 (1998), 0.5135 (1997), 0.4663 (1996), 0.4522 (1995); Turkish liras (TL) per US$1 - 545,584 (January 2000), 418,783 (1999), 260,724 (1998), 151,865 (1997), 81,405 (1996), 45,845.1 (1995) Add Comment | Other articles in this category Cyprus Economy No ratings Rate it! Cyprus has been sought as a base for several offshore businesses for its highly developed infrastructure. Economic policy of the Cyprus gove... English-speaking population, moderate local costs, good airline connections, and telecommunications.Throughout the post-Independence period,... |
Add article |
Explore Focus on Cyprus Photos Map |
Close this window ![]() Loading page... |

| Close message |