ifficulty arranging
foreign financing, and foreign firms have hesitated to invest there.
The economy remains heavily dependent on agriculture and government
service, which together employ about half of the work force. Moreover,
the small, vulnerable economy has suffered because the Turkish lira is
legal tender. To compensate for the economy's weakness, Turkey
provides direct and indirect aid to nearly every sector. In January
1997, Turkey signed a $250 million economic cooperation accord with
the Turkish Cypriot area to support tourism, education, and industry.

GDP: purchasing power parity - $8.8 billion (Greek area: purchasing
power parity - $8,300,000,000; Turkish area: purchasing power parity -
$536,000,000) (1996 est.)

GDP - real growth rate: 3.4% (Greek area: 4%; Turkish area: 0.5%)
(1996 est.)

GDP - per capita: purchasing power parity - $11,800 (Greek area:
purchasing power parity - $13,700; Turkish area: purchasing power
parity - $3,950) (1996 est.)

GDP - composition by sector: Greek area: agriculture 5.3%; industry
22.7%; services 72% (1996 est.); Turkish area: agriculture 11.4%;
industry 22.9%; services 65.7% (1994 est.)

Inflation rate - consumer price index: Greek area: 3.3% (1996 est.);
Turkish area: 86% (1996 est.)

Labor force:
total : Greek area: 299,700
by occupation: services 62%, industry 25%, agriculture 13% (1995)
total: Turkish area: 76,500
by occupation: services 66%, industry 11%, agriculture 23% (1995)

Unemployment rate: Greek area: 2.3% (1996 est.); Turkish area: 3.6%
(1995 est.)

Budget:
revenues: Greek area - $2.9 billion, Turkish area - $149 million
expenditures: Greek area - $3.3 billion, including capital
expenditures of $453 million, Turkish area - $304 million, including
capital expenditures of $20 million (1996)

Industries: food, beverages, textiles, chemicals, metal products,
tourism, wood products

Industrial production growth rate: Greek area: -4% (1996); Turkish
area: 2.6% (1992)

Electricity - capacity: 690,000 kW 000 kW

Electricity - production: 2.5 billion kWh

Electricity - consumption per capita: 3,380 kWh (1995)

Agriculture - products: potatoes, citrus, vegetables, barley, grapes,
olives, vegetables

Exports:
total value: Greek area: $1.4 billion (f.o.b., 1996);
commodities: citrus, potatoes, grapes, wine, cement, clothing and
shoes
partners: Russia 17%, UK 11%, Greece 6%, Germany 5%
total value: Turkish area: $71 million (f.o.b., 1996);
commo