y has roughly
one-third of the per capita GDP of the south, and economic growth
tends to be volatile, given north Cyprus's relative isolation,
bloated public sector, reliance on the Turkish lira, and small
market size. The Turkish Cypriot economy grew 15.4% in 2004, fueled
by growth in the construction and education sectors, as well as
increased employment of Turkish Cypriots in the Republic of Cyprus.
The Turkish Cypriots are heavily dependent on transfers from the
Turkish Government. Under the 2003-06 economic protocol, Ankara
planned to provide around $700 million to the "TRNC." Agriculture
and services, together, employ more than half of the work force.

GDP (purchasing power parity):
Republic of Cyprus: $17.79 billion; north Cyprus: $4.54 billion
(2006 est.)

GDP (official exchange rate):
Republic of Cyprus: $16.35 billion (2006 est.)

GDP - real growth rate:
Republic of Cyprus: 3.7%; north Cyprus: 10.6% (2006 est.)

GDP - per capita (PPP):
Republic of Cyprus: $22,700 (2005 est.); north Cyprus: $7,135 (2004
est.) (2006 est.)

GDP - composition by sector:
Republic of Cyprus: agriculture 3.7%; industry 19.6%; services
76.8% (2005 est.)
north Cyprus: agriculture 10.6%; industry 20.5%; services 68.9%
(2003 est.)

Labor force:
Republic of Cyprus: 380,000, north Cyprus: 95,025 (2006 est.)

Labor force - by occupation:
Republic of Cyprus: agriculture 7.4%, industry 38.2%, services
54.4% (2004 est.)
north Cyprus: agriculture 14.5%, industry 29%, services 56.5% (2004
est.)

Unemployment rate:
Republic of Cyprus: 5.5% (2005 est.); north Cyprus: 5.6% (2004 est.)

Population below poverty line:
NA%

Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%

Inflation rate (consumer prices):
Republic of Cyprus: 2.8% (2005 est.); north Cyprus: 9.1% (2004 est.)

Investment (gross fixed):
Republic of Cyprus: 21.2% of GDP (2006 est.)

Budget:
revenues: Republic of Cyprus - $7.395 billion (2005 est.)
expenditures: Republic of Cyprus - $7.695 billion (2005 est.)
revenues: $685.7 million; north Cyprus - $231.3 million (2003 est.)
expenditures: north Cyprus - $432.8 million (2003 est.)

Public debt:
Republic of Cyprus: 68.4% of GDP (2006 est.)

Agriculture - products:
citrus, vegetables, barley, grapes, olives, vegetables; poultry,
pork, lamb; dairy, cheese

Industries:
tourism, food and beverage p