Cyprus FlagCyprus

One Swats The Fly Only If It Annoys That Person.

 

General


Population: 1,172,458 (2014), 1,155,403 (2013)
Land Area: 9,250 sq km
Natural Resources: Copper, pyrites, asbestos, gypsum, timber, salt, marble, clay earth pigment
Capital: Nicosia
Political System: Federal Republic
State Leader: Nicos Anastasiades (February 28th 2013)
Languages: Greek, Turkish, English
Currency: Euro (EUR)
Major Religions: Greek Orthodox 78%, Muslim 18%, Other 4%
Major Ethnicities: Greek 77%, Turkish 18%, Other 5%
Life Expectancy: 78.34 years (2014), 78.17 years (2013)

Economy


GDP Official Exchange Rate: 21.78 billion (2013), 22.45 billion (2012)
GDP Purchasing Power Parity: 21.62 billion (2013), 23.67 billion (2012)
GDP Per Capita (PPP): 24,500 (2013), 26,900 (2012)
GDP Growth Rate: -8.7% (2013), -2.3% (2012)
GDP Structure: Agriculture 2.4%, Industry 15.9%, Services 81.7% (2013)
Labour Force By Occupation: Agriculture 8.5%, Industry 20.5%, Services 71% (2006)
Industries: Tourism, food and beverage processing, cement and gypsum production, ship repair and refurbishment, textiles, light chemicals, metal products, wood, paper, stone, and clay products
Agriculture Products: Citrus, vegetables, barley, grapes, olives, vegetables, poultry, pork, lamb; dairy, cheese
Human Development Index: 0.845 (32nd)(2014), 0.848 (31st)(2013)
Tourism Revenue: 2.55 billion (2004)
Unemployment Rate: 17.4% (2013)

MilitaryCyprus Map


Army Size: 10 000 (2004)
Budget: 3.8% of GDP (2005)

Current Situation

 

Cyprus is located in the Mediterranean sea, Cyprus has sea borders with Turkey, Greece, Syria and Lebanon. Cyprus is engaged in an ongoing conflict with Turkey that started in 1974, when Turkey wanted to stop Cyprus from joining Greece and protect Turks living in Cyprus, Turkey invaded and occupied a part of the island. Cyprus is now divided into two entities one Greek and one Turkish. Cyprus' economy is based largely on tourism and foreign companies, the GDP per capita is very high, there is however a great difference between the quality of life in the Greek and Turkish sectors, the Greek sector having the highest.

(2014) Cyprus' economy has shrunk significantly in the past year, the government received a bail out from the European Union and it remains to be seen when the economy will return to growth.

Thoughts & Comments

 

Sources

CIA World Factbook: Cyprus
Wikipedia: Cyprus
http://hdrstats.undp.org/en/countries/profiles/CYP.html

Updated on: August 17th, 2014