years. While this growth put considerable pressure on prices
and the balance of payments, the inflation rate has remained low
and the balance-of-payments deficit manageable.

GDP: $4.2 billion, per capita $6,100; real growth rate 6.9%
(1988 est.)

Inflation rate (consumer prices): 3.9% (1989 est.)

Unemployment rate: 2.8% (1988)

Budget: revenues $1.2 billion; expenditures $1.4 billion, including
capital expenditures of $178 million (1989 est.)

Exports: $767 million (f.o.b., 1988);
commodities--citrus, potatoes, grapes, wine, cement, clothing and shoes;
partners--Middle East and North Africa 37%, UK 27%, other EC
11%, US 2%

Imports: $1.9 billion (c.i.f., 1988);
commodities--consumer goods 23%, petroleum and lubricants 12%, food and
feed grains, machinery;
partners--EC 60%, Middle East and North Africa 7%, US 4%

External debt: $2.8 billion (1988)

Industrial production: growth rate 6.5% (1988)

Electricity: 620,000 kW capacity; 1,770 million kWh produced,
2,530 kWh per capita (1989)

Industries: mining (iron pyrites, gypsum, asbestos);
manufactured products--beverages, footwear, clothing, and cement--are
principally for local consumption

Agriculture: accounts for 8% of GDP and employs 22% of labor force; major
crops--potatoes, vegetables, barley, grapes, olives, and citrus fruits;
vegetables and fruit provide 25% of export revenues

Aid: US commitments, including Ex-Im (FY70-88), $272 million; Western
(non-US) countries, ODA and OOF bilateral commitments (1970-87), $223 million;
OPEC bilateral aid (1979-89), $62 million; Communist countries (1970-88),
$24 million

Currency: Cypriot pound (plural--pounds) and in Turkish area, Turkish
lira (plural--liras); 1 Cypriot pound (LC) = 100 cents and 1 Turkish lira
(TL) = 100 kurus

Exchange rates: Cypriot pounds (LC) per US$1--0.4854 (January 1990),
0.4933 (1989), 0.4663 (1988), 0.4807 (1987), 0.5167 (1986), 0.6095 (1985);
in Turkish area, Turkish liras (TL) per US$1--2,314.7 (November 1989),
1,422.3 (1988), 857.2 (1987), 674.5 (1986), 522.0 (1985)

Fiscal year: calendar year

- Communications
Highways: 10,780 km total; 5,170 km bituminous surface treated; 5,610 km
gravel, crushed stone, and earth

Ports: Famagusta, Kyrenia, Larnaca, Limassol, Paphos

Merchant marine: 1,100 ships (1,000 GRT or over) totaling 18,093,340
GRT/32,148,550 DWT; includes 1 passenger, 12 short-sea passenger, 2
passenger-cargo, 434 cargo, 61 refrigerated cargo, 18 roll-on/rol