Turkey. To compensate for the economy's
weakness, Turkey provides direct and indirect aid to nearly every
sector; financial support has reached about one-third of Turkish
Cypriot GDP.
National product:
Greek area:
GDP - purchasing power equivalent - $6.7 billion (1992)
Turkish area:
GDP - purchasing power equivalent - $550 million (1992)
National product real growth rate:
Greek area:
8.2% (1992)
Turkish area:
7.3% (1992)
National product per capita:
Greek area:
$11,390 (1992)
Turkish area:
$3,130 (1992)
Inflation rate (consumer prices):
Greek area:
6.5% (1992)
Turkish area:
63.4% (1992)
Unemployment rate:
Greek area:
1.8% (1992)
Turkish area:
1.2% (1992)
Budget:
revenues:
Greek area - $1.7 billion
Turkish area - $273 million
expenditures:
Greek area - $2.2 billion, including capital expenditures of $350
million
Turkish area - $360 million, including capital expenditures of $78
million (1994)
Exports:
$1.1 billion (f.o.b., 1993 est.)
commodities:
citrus, potatoes, grapes, wine, cement, clothing and shoes
partners:
UK 19%, Greece 8%, Lebanon 2%, Egypt 7%
Imports:
$3.3 billion (f.o.b., 1993 est.)
commodities:
consumer goods, petroleum and lubricants, food and feed grains,
machinery
partners:
UK 11%, Japan 11%, Italy 10%, Germany 9%, US 8%
External debt:
$1.6 billion (1992)
Industrial production:
growth rate 4% (1993 est.); accounts for 16.0% of GDP
Electricity:
capacity:
620,000 kW
production:
1.77 billion kWh
consumption per capita:
2,530 kWh (1991)
Industries:
food, beverages, textiles, chemicals, metal products, tourism, wood
products
Agriculture:
contributes 7% to GDP and employs 26% 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:
recipient:
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:
Cypriot pounds per $US1 - 0.5148 (December 1993), 0.4970 (1993),
0.4502 (1992), 0.4615 (