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Economy Cyprus
Flag of Cyprus Cyprus
Population: 775,927 (July 2004 est.)
Capital: Nicosia
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Tabular Data - The Cypriot Economy

GDP : Greek Cypriot area: purchasing power parity - $14.82 billion (2003 est.); Turkish Cypriot area: purchasing power parity - $1.217 billion (2003 est.)
GDP - Real Growth Rate : Greek Cypriot area: 1.9% (2003 est.); Turkish Cypriot area: 2.6% (2003 est.)
GDP - Per Capita : Greek Cypriot area: purchasing power parity - $19,200 (2003 est.); Turkish Cypriot area: purchasing power parity - $5,600 (2003 est.)
GDP - Composition By Sector : Greek Cypriot area: agriculture 4.1%; industry 20.3%; services 75.6%
Turkish Cypriot area: agriculture 10.6%; industry 20.5%; services 68.9% (2003)
Inflation Rate (Consumer Prices) : Greek Cypriot area: 4.1% (2003 est.); Turkish Cypriot area: 12.6% (2003 est.)
Labor Force : 330,000 Greek Cypriot area: 306,000; Turkish Cypriot area: 95,025 (2003)
Labor Force - By Occupation : Greek Cypriot area: services 75.6%, industry 19.4%, agriculture 4.9% (2003); Turkish Cypriot area: services 68.9%, industry 20.5%, agriculture 10.6% (2003)
Budget : revenues: Greek Cypriot area - $3.971 billion, Turkish Cypriot area - $231.3 million (2002 est.)
expenditures: $4.746 billion, Greek Cypriot area - $539 million, including capital expenditures of $539 million, Turkish Cypriot area - $432.8 million, including capital expenditures of NA (2003)
Industries : food, beverages, textiles, chemicals, metal products, tourism, wood products
Industrial Production Growth Rate : Greek Cypriot area: -0.6% (2002); Turkish Cypriot area: -0.3% (2003)
Electricity - Production : 3.401 billion kWh; Turkish Cypriot area: NA kWh (2001)
Electricity - Production by Source : fossil fuel: 100%
hydro: 0%
nuclear: 0%
other: 0% (2001)
Electricity - Consumption : Greek Cypriot area: 3.163 billion kWh; Turkish Cypriot area: NA kWh (2001)
Agriculture - Products : potatoes, citrus, vegetables, barley, grapes, olives, vegetables, poultry, pork, lamb, kids, dairy
Exports : Greek Cypriot area: $1.054 billion f.o.b. Turkish Cypriot area: $46 million f.o.b. (2003 est.)
Exports - Commodities : Greek Cypriot area: citrus, potatoes, pharmaceuticals, cement, clothing and cigarettes; Turkish Cypriot area: citrus, potatoes, textiles
Exports - Partners : UK 24.4%, France 11%, Germany 7.2%, Greece 6.4% (2003 est.)
Imports : Greek Cypriot area: $4.637 billion f.o.b.; Turkish Cypriot area: $301 million f.o.b. (2003 est.)
Imports - Commodities : Greek Cypriot area: consumer goods, petroleum and lubricants, intermediate goods, machinery, transport equipment; Turkish Cypriot area: food, minerals, chemicals, machinery
Imports - Partners : Russia 36.3%, Greece 6.5%, UK 5.3%, Germany 5.2%, Italy 5.1%, France 4.8% (2003 est.)
Debt - External : Greek Cypriot area: $8.85 billion; Turkish Cypriot area: NA (2003)
Economic Aid - Recipient : Greek Cypriot area - $17 million (1998); Turkish Cypriot area - $700 million from Turkey in grants and loans (1990-97), which are usually forgiven (1998)
Currency : Greek Cypriot area: Cypriot pound (CYP); Turkish Cypriot area: Turkish lira (TRL)
Currency Code : CYP; TRL
Exchange Rates : Cypriot pounds per US dollar - 0.5174 (2003), 0.6107 (2002), 0.6431 (2001), 0.6224 (2000), 0.5429 (1999), Turkish lira per US dollar 1.505 million (2003), 1.507 million (2002), 1,225,590 (2001), 625,218 (2000), 418,783 (1999)
Fiscal Year : Calendar Year

Country References
Country profile data for Cyprus

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Data Source: Central Intelligence Agency 2004 World Factbook