The CIA World Factbook Edition 2012 Economy
Economy of the area administered by Turkish Cypriots In 15 editions of 36.
Economy of the area administered by Turkish Cypriots was published in 15 editions of the CIA World Factbook, from 2008 to 2022. The 2012 edition carries it in 1 entry, in its Economy section. Every entry is shown as that edition published it.
- entries in the 2012 edition
- 1
- the first edition with it
- 2008
- the latest edition with it
- 2022
Published as “Economy of the area administered by Turkish Cypriots” (2008 to 2022) and “Economy Of The Area Administered By Turkish Cypriots” (2018 to 2020).
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Entries with Economy of the area administered by Turkish Cypriots in each edition
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Middle East
1 entryCyprus
- Economy - overview:
- The Turkish Cypriot economy has roughly half the per capita GDP of the south, and economic growth tends to be volatile, given the north's relative isolation, bloated public sector, reliance on the Turkish lira, and small market size. The Turkish Cypriots are heavily dependent on transfers from the Turkish Government. Ankara directly finances about one-third of the Turkish Cypriot "administration's" budget. Aid from Turkey has exceeded $400 million annually in recent years. The Turkish Cypriot economy experienced a sharp slowdown in 2008-09 due to the global financial crisis and to its reliance on British and Turkish tourism, both of which declined due to the recession. The Turkish Cypriot budget deficit also deteriorated in 2009 due to decreased state revenues and increased government expenditures on public sector salaries and social services. The Turkish Cypriot economy declined about 0.6% in 2010.
- GDP (purchasing power parity):
- $1.829 billion (2007 est.)
- GDP - real growth rate:
- -0.6% (2010 est.)
- GDP - per capita:
- $11,700 (2007 est.)
- GDP - composition by sector:
- agriculture:
- 8.6%, industry: 22.5%, services: 69.1% (2006 est.)
- Labor force:
- 95,030 (2007 est.)
- Labor force - by occupation:
- agriculture:
- 14.5%, industry: 29%, services: 56.5% (2004)
- Unemployment rate:
- 9.4% (2005 est.)
- Population below poverty line:
- %NA
- Inflation rate:
- 11.4% (2006)
- Budget:
- revenues:
- $2.5 billion, expenditures: $2.5 billion (2006)
- Agriculture - products:
- citrus fruit,
- dairy,
- potatoes,
- grapes,
- olives,
- poultry,
- lamb
- Industries:
- foodstuffs,
- textiles,
- clothing,
- ship repair,
- clay,
- gypsum,
- copper,
- furniture
- Industrial production growth rate:
- -0.3% (2007 est.)
- Electricity production:
- 998.9 million kWh (2005)
- Electricity consumption:
- 797.9 million kWh (2005)
- Exports:
- $68.1 million, f.o.b. (2007 est.)
- Export - commodities:
- citrus,
- dairy,
- potatoes,
- textiles
- Export - partners:
- Turkey 40%; direct trade between the area administered by Turkish Cypriots and the area under government control remains limited
- Imports:
- $1.2 billion, f.o.b. (2007 est.)
- Import - commodities:
- vehicles,
- fuel,
- cigarettes,
- food,
- minerals,
- chemicals,
- machinery
- Import - partners:
- Turkey 60%; direct trade between the area administered by Turkish Cypriots and the area under government control remains limited
- Reserves of foreign exchange and gold:
- $NA
- Debt - external:
- $NA
- Currency (code):
- Turkish new lira (YTL)
- Exchange rates:
- Turkish new lira per US dollar:
- 1.668 (2011) 1.5026 (2010) 1.55 (2009) 1.3179 (2008) 1.319 (2007)
Cite this page
Central Intelligence Agency. The World Factbook 2012, “Economy of the area administered by Turkish Cypriots”, all entries. Archived by The Factbook, thefactbook.org/fields/economy-of-the-area-administered-by-turkish-cypriots/2012.