dropped during 1994 because of the
severe economic crisis affecting the mainland, and inflation soared
to 215%. To compensate for the economy's weakness, Turkey provides
direct and indirect aid to nearly every sector; financial support
has risen and now equals in value about one-third of Turkish Cypriot
GDP.

GDP:
Greek area: purchasing power parity - $7.8 billion (1995 est.)
Turkish area: purchasing power parity - $520 million (1995 est.)

GDP real growth rate:
Greek area: 5% (1995 est.)
Turkish area: 0.5% (1995 est.)

GDP per capita:
Greek area: $13,000 (1995 est.)
Turkish area: $3,900 (1995 est.)

GDP composition by sector:
Greek area - agriculture: 5.6%
Greek area - industry: 24.9%
Greek area - services: 69.5% (1994)
Turkish area - agriculture: 11.4%
Turkish area - industry: 22.9%
Turkish area - services: 65.7% (1994)

Inflation rate (consumer prices):
Greek area: 3% (1995 est.)
Turkish area: 215% (1994)

Labor force:
Greek area: 294,100
by occupation: services 61.5%, industry 26%, agriculture 12.5% (1994)
Turkish area: 75,320
by occupation: services 52.9%, industry 23.6%, agriculture 23.5%
(1994)

Unemployment rate:
Greek area: 2.7% (1994)
Turkish area: 1.6% (1994)

Budget:
revenues: Greek area - $2.3 billion, Turkish area - $246 million
expenditures: Greek area - $3.4 billion, including capital
expenditures of $500 million, Turkish area - $350 million, including
capital expenditures of $75 million (1996 est.)

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

Industrial production growth rate:
Greek area: 3.7% (1994)
Turkish area: 2.6% (1992)

Electricity:
capacity: 550,000 kW
production: 2.3 billion kWh
consumption per capita: 2,903 kWh (1993)

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

Illicit drugs: transit point for heroin via air routes and
container traffic to Europe, especially from Lebanon and Turkey,
also some cocaine transits en route to Russia

Exports:
Greek area: $968 million (f.o.b., 1994)
commodities: citrus, potatoes, grapes, wine, cement, clothing and
shoes
partners: UK 16%, Lebanon 9%, Greece 8%, Russia 12%
Turkish area: $59 million (f.o.b., 1994)
commodities: citrus, potatoes, textiles
partners: UK 48%, Turkey 22%

Imports:
Greek area: $2.7 billion (f.o.b., 1994)
commodities: consumer