ides direct and
indirect aid to nearly every sector; financial support has risen in
value to about one-third of Turkish Cypriot GDP.
National product:
Greek area: GDP - purchasing power parity - $7.3 billion (1994 est.)
Turkish area: GDP - purchasing power parity - $510 million (1994 est.)
National product real growth rate:
Greek area: 5% (1994 est.)
Turkish area: -4% (1994 est.)
National product per capita:
Greek area: $12,500 (1994 est.)
Turkish area: $3,500 (1994 est.)
Inflation rate (consumer prices):
Greek area: 4.8% (1993)
Turkish area: 63.4% (1992)
Unemployment rate:
Greek area: 2.3% (1993)
Turkish area: 1.2% (1992)
Budget:
revenues: Greek area - $1.8 billion Turkish area - $285 million
expenditures: Greek area - $2.4 billion, including capital
expenditures of $400 million Turkish area - $377 million, including
capital expenditures of $80 million (1995 est.)
Exports: $868 million (f.o.b., 1993)
commodities: citrus, potatoes, grapes, wine, cement, clothing and
shoes
partners: UK 18%, Greece 9%, Lebanon 14%, Germany 6%
Imports: $2.6 billion (f.o.b., 1993)
commodities: consumer goods, petroleum and lubricants, food and feed
grains, machinery
partners: UK 13%, Japan 9%, Italy 10%, Germany 8%, US 8%
External debt: $2.4 billion (1993)
Industrial production: growth rate 0.1% (1993); accounts for 14% of
GDP
Electricity:
capacity: 550,000 kW
production: 2.3 billion kWh
consumption per capita: 2,903 kWh (1993)
Industries: food, beverages, textiles, chemicals, metal products,
tourism, wood products
Agriculture: contributes 6% to GDP and employs 25% 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 - 0.4725 (January 1995),
0.4915 (1994), 0.4970 (1993), 0.4502 (1992), 0.4615 (1991), 0.4572
(1990); Turkish liras (TL) per US$1 - 37,444.
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