- proved reserves:
0 bbl (1 January 2010 est.) country comparison to the world: 188
Natural gas - production:
0 cu m (2008 est.) country comparison to the world: 180
Natural gas - consumption:
0 cu m (2008 est.) country comparison to the world: 192
Natural gas - exports:
0 cu m (2008 est.) country comparison to the world: 190
Natural gas - imports:
0 cu m (2008 est.) country comparison to the world: 92
Natural gas - proved reserves:
0 cu m (1 January 2010 est.) country comparison to the world: 188
Current account balance:
-$2.5 billion (2010 est.) country comparison to the world: 161 -$1.915 billion (2009 est.)
Exports:
$2.232 billion (2010 est.) country comparison to the world: 128 $2.065 billion (2009 est.)
Exports - commodities:
citrus, potatoes, pharmaceuticals, cement, clothing
Exports - partners:
Greece 23.83%, Germany 9.2%, UK 8.78% (2009)
Imports:
$7.962 billion (2010 est.) country comparison to the world: 100 $7.973 billion (2009 est.)
Imports - commodities:
consumer goods, petroleum and lubricants, intermediate goods, machinery, transport equipment
Imports - partners:
Greece 20.18%, Italy 10.67%, UK 8.95%, Germany 8.79%, Israel 6.99%,
China 5.52%, Netherlands 4.85%, France 4.01% (2009)
Reserves of foreign exchange and gold:
$NA (31 December 2010 est.)
$1.289 billion (31 December 2009 est.)
Debt - external:
$NA (31 December 2010 est.)
$32.61 billion (31 December 2008 est.)
Stock of direct foreign investment - at home:
$29.36 billion (31 December 2010 est.) country comparison to the world: 62 $26.61 billion (31 December 2009 est.)
Stock of direct foreign investment - abroad:
$16.57 billion (31 December 2010 est.) country comparison to the world: 46 $15.79 billion (31 December 2009 est.)
Exchange rates:
euros (EUR) per US dollar - 0.774 (2010), 0.718 (2009), 0.6827 (2008), 0.4286 (2007), 0.4586 (2006)
Economy of the area administered by Turkish Cypriots:
Economy - overview: The Turkish Cypriot economy has roughly half the per capita GDP of the south, and economic growth tends to be volatile, given the north's relative isolation, bloated public sector, reliance on the Turkish lira, and small market size. Agriculture and services, together, employ more than half of the work force. The Turkish Cypriot economy grew around 10.6% in 2006, fueled by growth in the construction and education sectors, as well as increased employment of Turkish Cypriots in the area under government control. GDP declined about 2.0% in 2007. The Turkish Cypriots are heavily dependent on transfers from the Turkish Government. Ankara directly finances about one-third of the "TRNC's" budget. Aid from Turkey has exceeded $400 million annually in recent years. The Turkish Cypriot economy experienced a sharp slowdown in 2008–09 due to the global financial crisis and, because of its reliance on British and Turkish tourism, which has declined due to the recession. Turkish Cypriot finances also deteriorated in 2009 as decreased state revenues and increased government expenditures on public sector salaries and social services led to a large budget deficit. As tourism and the world economy picked up, the economy grew about 0.6% in 2010.
GDP (purchasing power parity): $1.829 billion (2007 est.)
GDP - real growth rate: −0.6% (2010 est.)
GDP - per capita: $11,700 (2007 est.)
GDP - composition by sector: agriculture: 8.6%, industry: 22.5%, services: 69.1% (2006 est.)
Labor force: 95,030 (2007 est.)
Labor force - by occupation: agriculture: 14.5%, industry: 29%, services: 56.5% (2004)
Unemployment rate: 9.4% (2005 est.)
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.)
Electricity production: 998.9 million kWh (2005)
Electricity consumption: 797.9 million kWh (2005)
Exports: $68.1 million, f.o.b. (2007 est.)
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. (2007 est.)
Import - commodities: vehicles, fuel, cigarettes, food, minerals, chemicals, machinery
Import - partners: Turkey 60%; direct trade between the area administered by Turkish Cypriots and the area under government control remains limited
Reserves of foreign exchange and gold: $NA
Debt - external: $NA
Currency (code): Turkish new lira (YTL)
Exchange rates: Turkish new lira per US dollar: 1.319 (2007) 1.4286 (2006) 1.3436 (2005) 1.4255 (2004) 1.5009 (2003)
Communications ::Cyprus
Telephones - main lines in use:
area under government control: 414,500 (2009); area administered by Turkish Cypriots: 86,228 (2002) country comparison to the world: 101
Telephones
