); Electricity production: 998.9 million kWh (2005); Electricity consumption: 797.9 million kWh (2005); Exports: $68.1 million, f.o.b. )country comparison to the world (CIA rank, may be based on non-current data): The "TRNC" remains vulnerable to the Turkish market and monetary policy because of its use of the Turkish Lira. Reserves of foreign exchange and gold: The Gross Domestic Product (GDP) in Cyprus was worth 23.80 billion US dollars in 2020, according to official data from the World Bank. $175.3 billion Moody's credit rating for Cyprus was last set at Ba1 with stable outlook. $7.153 billion The IMD World Competitiveness Yearbook (WCY), first published in 1989, is a comprehensive annual report and worldwide reference point on the competitiveness of countries. [see also: Population below poverty line country ranks ] 0.885 Cyprus inhabitants are known as Cypriots. )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017) (2017 est.) Imports: 136 [see also: Central bank discount rate country ranks ] 110 Found inside – Page 173TABLE 7.41 Top 10 Countries With Largest Military Expenditure: Ranking by ... 5.5 Pakistan 5.6 Cyprus 6.0 1998 % GDP 1999 % GDP 2000 % GDP 2001 % GDP 2002 ... )country comparison to the world (CIA rank, may be based on non-current data): $4.031 billion $36,100 164 The "TRNC" maintains few economic ties with the Republic of Cyprus outside of trade in construction materials. (31 December 2017 est.) (31 December 2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): (2014 est.) The Turkish Lira is the preferred currency, though foreign currencies are widely accepted in business transactions. $34,900 Exports - commodities: citrus, potatoes, pharmaceuticals, cement, clothing )country comparison to the world (CIA rank, may be based on non-current data): 13% Current account balance: revenues: 8.663 billion About. In 2012 - the latest year for which data are available - the services sector, which includes the public sector, trade, tourism, and education, contributed 58.7% to economic output. [see also: Stock of domestic credit country ranks ] Market value of publicly traded shares: Budget: (31 December 2016 est. Top 3 Trade Partners (2019): Greece, Italy, and United Kingdom GDP - real growth rate: [see also: Exports country ranks ] (2016 est. Stock of narrow money: $2.692 billion note: see entry for the European Union for money supply for the entire euro area; the European Central Bank (ECB) controls monetary policy for the 18 members of the Economic and Monetary Union (EMU); individual members of the EMU do not control the quantity of money circulating within their own borderscountry comparison to the world (CIA rank, may be based on non-current data): 26 )country comparison to the world (CIA rank, may be based on non-current data): Since its creation, the "TRNC" has heavily relied on financial assistance from Turkey, which supports the "TRNC" defense, telecommunications, water and postal services. )country comparison to the world (CIA rank, may be based on non-current data): Since its creation, the "TRNC" has heavily relied on financial assistance from Turkey, which supports the "TRNC" defense, telecommunications, water and postal services. (31 December 2013 est. )country comparison to the world (CIA rank, may be based on non-current data): (2016 est.) [see also: Budget - revenues country ranks ] Public debt: $7.935 billion As a member of the EU, Cyprus has 45 preferential trade agreements in force. Central bank discount rate: 105 ); 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. [see also: Stock of domestic credit country ranks ] 2020 ranking of science and technology hotspots. Cyprus economy rankings: GDP - 109, GDP growth 5-year average - 99, GPD per capita - 36, economic freedom index - 41, business freedom index - 36 . 106.6% of GDP Malta Ranked 18th $2.105 billion Manufacturing is limited mainly to food and beverages, furniture and fixtures, construction materials, metal and non-metal products, textiles and clothing. $222.9 billion $4.174 billion Stock of domestic credit: imports of goods and services: -67.8% (31 December 2017 est.) (2013 est.) 99 Commercial bank prime lending rate: $232.5 billion 2020 ranking of science and technology hotspots. 0.9214 [see also: Reserves of foreign exchange and gold country ranks ] 158, country comparison to the world (CIA rank, may be based on non-current data): Stock of direct foreign investment - at home: $4.174 billion ); 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. [see also: Central bank discount rate country ranks ] [see also: Labor force country ranks ] (2017 est.) government consumption: 14.9% The Republic of Cyprus joined the European Union in 2004. 106.6% of GDP [see also: Stock of direct foreign investment - at home country ranks ] $888.2 million (2016 est.) ); GDP - per capita: $11,700 (2007 est. Household income or consumption by percentage share: )country comparison to the world (CIA rank, may be based on non-current data): 0.885 0.903 (31 December 2016 est. Rank Country Real GDP growth rate (%) 1 . -$984 million (31 December 2017 est.) (31 December 2013 est.) Found insideEmphasizing that Cyprus ' geographic location , high quality of services , market economy , welltrained work force , excellent telecommunications and ... 19 Macroeconomic surveillance in Romania. Market value of publicly traded shares: )country comparison to the world (CIA rank, may be based on non-current data): 5 (2016 est.) (2014) )country comparison to the world (CIA rank, may be based on non-current data): 154 Found inside – Page 176... while at the end of the ranking were: Hungary, Cyprus and Malta, ... Tables 3 and 4 present rankings of EU countries in terms of green economy. (2017 est.) [see also: Debt - external country ranks ] Inflation rate (consumer prices): $103.5 billion (31 December 2016 est. [see also: Current account balance country ranks ] 158 Services such as tourism, finance, shipping, and real estate account for more than 80 percent of GDP. $817.7 million The "TRNC" maintains few economic ties with the Republic of Cyprus outside of trade in construction materials. ); GDP - composition by sector: agriculture: 6.2%,; industry: 35.1%,; services: 58.7% (2012 est. -$984 million [see also: Inflation rate (consumer prices) country ranks ] (2013 est.) (2017 est.) note: this is the European Central Bank's rate on the marginal lending facility, which offers overnight credit to banks in the euro areacountry comparison to the world (CIA rank, may be based on non-current data): [see also: Stock of domestic credit country ranks ] The "TRNC" weathered the European financial crisis relatively unscathed - compared to the Republic of Cyprus - because of the lack of financial sector development, the health of the Turkish economy, and its separation from the rest of the island. 0.9214 0.903 )country comparison to the world (CIA rank, may be based on non-current data): Stock of narrow money: Market value of publicly traded shares: )country comparison to the world (CIA rank, may be based on non-current data): Debt - external: $175.3 billion ); Electricity production: 998.9 million kWh (2005); Electricity consumption: 797.9 million kWh (2005); Exports: $68.1 million, f.o.b. Public debt: $2.7 billion In 2012 - the latest year for which data are available - the services sector, which includes the public sector, trade, tourism, and education, contributed 58.7% to economic output. 102 [see also: Reserves of foreign exchange and gold country ranks ] (2017 est.) [see also: Stock of broad money country ranks ] 35 Stock of direct foreign investment - at home: (31 December 2015 est.) (2016 est. [see also: Debt - external country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): [see also: Stock of direct foreign investment - at home country ranks ] 0.9214 The Atlas of Economic Complexity is part of Harvard's Growth Lab Viz Hub, a portfolio of award-winning, interactive visualizations powered by the Growth Lab's research and insights. $175.3 billion 0.7% 136 $2.805 billion In 2012 - the latest year for which data are available - the services sector, which includes the public sector, trade, tourism, and education, contributed 58.7% to economic output. GDP - composition, by end use: Stock of direct foreign investment - abroad: [see also: Stock of direct foreign investment - abroad country ranks ] Imports - partners: Greece 19%, Italy 7.5%, China 7.4%, South Korea 7.3%, Germany 7%, Netherlands 5.1%, UK 5%, Israel 4.1% [see also: Budget - expenditures country ranks ]. $7.153 billion 40, country comparison to the world (CIA rank, may be based on non-current data): Stock of domestic credit: [see also: Budget surplus (+) or deficit (-) country ranks ] (2017 est.) [see also: Distribution of family income - Gini index country ranks ] (2017 est. (2017 est.) services: 81% (2016 est.) (2017 est.) Manufacturing is limited mainly to food and beverages, furniture and fixtures, construction materials, metal and non-metal products, textiles and clothing. expenditures: 8.275 billion )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) $7.153 billion 130 Stock of direct foreign investment - abroad: $174.5 billion The market-based economy of the "TRNC" is roughly one-fifth the size of its southern neighbor and is likewise dominated by the service sector with a large portion of the population employed by the government. 28 Stock of broad money: revenues: 8.663 billion (31 December 2016 est. (2016 est. The "TRNC" economy experienced growth estimated at 2.8% in 2013 and 2.3% in 2014 and is projected to grow 3.8% in 2015.; GDP (purchasing power parity): $1.829 billion (2007 est. Known as Cypriots also: Reserves of foreign exchange and gold country ]! 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