Fluctuation in the Turkish lira, which suffered from Economic factors such as the GDP and national income strongly correlate with the Economic factors play a significant role in the general life satisfaction of Cyprus citizens, especially with women who participate in the TRNC Ministry of Economy and Energy, Department of Trade. The Cypriots are among the most prosperous people in the The economic achievements of Cyprus during the preceding decades have been significant, bearing in mind the severe economic and social dislocation created by the The success of Cyprus in the economic sphere has been attributed, In the past 30 years, the economy has shifted from agriculture to light manufacturing and services.

Declining competitiveness in tourism and especially in manufacturing are expected to act as a drag on growth until structural changes are effected. Constant Prices 2005, SA At that same period total financial value of goods and services imported by Cyprus was about $8.689 billion. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. At that same period it was responsible for 17.7 percent of goods and services imported by Cyprus. GDP From Agriculture in Cyprus increased to 102 EUR Million in the first quarter of 2020 from 101.10 EUR Million in the fourth quarter of 2019. In fiscal 2007, it amounted for 21.1 percent of total exports of Cyprus. GDP in Cyprus averaged 11.86 USD Billion from 1975 until 2019, reaching an all time high of 27.84 USD Billion in 2008 and a record low of 0.49 USD Billion in 1975. In November 2012 international lenders negotiating a bailout with the Cypriot government have agreed on a key capital ratio for banks and a system for the sector's supervision. GDP From Agriculture in Cyprus averaged 115.53 EUR Million from 1995 until 2020, reaching an all time high of 153.70 EUR Million in the second quarter of 2002 and a record low of 78.90 EUR Million in the fourth quarter of 2014. Trade Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. Prominent goods and services imported by Cyprus in 2008 were consumer goods, machinery, petroleum and other lubricants, transport equipment and intermediate goods. Moreover, the small economy has seen some downfalls because the The economic disparity between the two communities is pronounced. Since gaining independence from the United Kingdom in 1960, Cyprus has had a record of successful economic performance, reflected in strong growth, full employment conditions and relative stability. HCI and GDP Per Capita PPP (log scale, horizontal axis) Productivity relative to benchmark of complete education and full health. However, per capita of local population, it ranks 17th.In 2008 fiscal aggregate value of goods and services exported by Cyprus was in the region of $1.53 billion. Under the latest economic protocol (signed 3 January 1997), Turkey has undertaken to provide loans totalling $250 million for the purpose of implementing projects included in the protocol related to public finance, tourism, banking, and privatization.

Although the economy operates on a free-market basis, the lack of private and government investment, shortages of skilled labor and experienced managers, and inflation and the devaluation of the Turkish lira continue to plague the economy. It primarily exported goods and services such as citrus fruits, cement, potatoes, clothing and pharmaceuticals. This pattern underlined the economy's vulnerability to swings in tourist arrivals (i.e., to economic and political conditions in Cyprus, Western Europe, and the Middle East) and the need to diversify the economy. 1995-2020 Data | 2021-2022 Forecast | Historical | ChartDownload historical data for 20 million indicators using your browser.Direct access to our calendar releases and historical data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Some other important names in this regard are UK and Italy.

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