economic crisis. In addition, the Turkish
government extended a $100 million loan in November 1992 to be used for
economic development projects in 1993. Turkey normally underwrites a
substantial portion of the Turkish Cypriot economy.
National product:
Greek area:
GDP - purchasing power equivalent - $6.3 billion (1992)
Turkish area:
GDP - purchasing power equivalent - $600 million (1990)
National product real growth rate: Greek area:
6.5% (1992)
Turkish area:
5.9% (1990)
National product per capita:
Greek area:
$11,000 (1992)
Turkish area:
$4,000 (1990)
Inflation rate (consumer prices):
Greek area:
5.1% (1991)
Turkish area:
69.4% (1990)
Unemployment rate:
Greek area:
2.4% (1991)
Turkish area:
1.5% (1991)
Budget:
revenues $1.7 billion; expenditures $2.2 billion, including capital
expenditures of $350 million (1993)
Exports:
$875 million (f.o.b., 1991)
commodities:
citrus, potatoes, grapes, wine, cement, clothing and shoes
partners:
UK 23%, Greece 10%, Lebanon 10%, Germany 5%
Imports:
$2.4 billion (f.o.b., 1991)
commodities:
consumer goods, petroleum and lubricants, food and feed grains, machinery
partners:
UK 13%, Japan 12%, Italy 10%, Germany 9.1%

*Cyprus, Economy

External debt:
$1.9 billion (1991)
Industrial production:
growth rate 0.4% (1991); accounts for 16.5% of GDP
Electricity:
620,000 kW capacity; 1,770 million kWh produced, 2,530 kWh per capita (1991)
Industries:
food, beverages, textiles, chemicals, metal products, tourism, wood products
Agriculture:
contributes 6% to GDP and employs 14% of labor force in the south; major
crops - potatoes, vegetables, barley, grapes, olives, citrus fruits;
vegetables and fruit provide 25% of export revenues
Illicit drugs:
transit point for heroin via air routes and container traffic to Europe,
especially from Lebanon and Turkey
Economic aid:
US commitments, including Ex-Im (FY70-89), $292 million; Western (non-US)
countries, ODA and OOF bilateral commitments (1970-89), $250 million; OPEC
bilateral aid (1979-89), $62 million; Communist countries (1970-89), $24
million
Currency:
1 Cypriot pound (#C) = 100 cents; 1 Turkish lira (TL) = 100 kurus
Exchange rates:
NA
Fiscal year:
calendar year

*Cyprus, Communications

Highways:
10,780 km total; 5,170 km paved; 5,610 km gravel, crushed stone, and earth
Ports:
Famagusta, Kyrenia, Larnaca, Limassol, Paph