rs 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. Ankara provides around $300 million a year
directly into the "TRNC" budget and regularly provides additional
financing for large infrastructure projects. Agriculture and
government service, together employ almost half of the work force,
and the potential for tourism is promising, especially with the
easing of border restrictions with the Greek Cypriots in April 2003.

GDP (purchasing power parity):
Republic of Cyprus: purchasing power parity - $15.71 billion north
Cyprus: purchasing power parity - $4.54 billion (2004 est.)

GDP - real growth rate:
Republic of Cyprus: 3.2% north Cyprus: 2.6% (2004 est.)

GDP - per capita:
Republic of Cyprus: purchasing power parity - $20,300 (2004 est.);
north Cyprus: purchasing power parity - $7,135 (2004 est.)

GDP - composition by sector:
Republic of Cyprus: agriculture 4.1%; industry 19.9%; services 76%
north Cyprus: agriculture 10.6%; industry 20.5%; services 68.9%
(2004)

Labor force:
Republic of Cyprus: 330,000, north Cyprus: 95,025 (2004 est.)

Labor force - by occupation:
Republic of Cyprus: agriculture 4.9%, industry 19.4%, services 75.6%
north Cyprus: agriculture 15.1%, industry 27%, services 57.9% (2003
est.)

Unemployment rate:
Republic of Cyprus: 3.2%; 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: 2.4% (2003 est.); north Cyprus: 12.6% (2003
est.)

Investment (gross fixed):
Republic of Cyprus: 17.9% of GDP (2004 est.)

Budget:
revenues: Republic of Cyprus - $5.616 billion (2004 est.), north
Cyprus - $404.3 million (2003 est.)
expenditures: Republic of Cyprus - $685.7 million, including capital
expenditures of $685.7 million, north Cyprus - $775.7 million,
including capital expenditures of $91.4 million (2004 est.)

Public debt:
Republic of Cyprus: 74.9% of GDP (2004 est.)

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

Industries:
tourism, food and beverage processing; cement and gypsum
production; ship repair and refurbishment; textiles; light
chemicals; metal products; w