Cyprus - Income



The US Central Intelligence Agency (CIA) reports that in 2001 the Greek Cypriot area's gross domestic product (GDP) was estimated at $9.1 billion and the Turkish Cypriot area's GDP was estimated at $1.1 billion. The per capita GDP was estimated at $15,000 in the Greek Cypriot area in 2001 and at $7,000 in the Turkish Cypriot area in 2000. The annual growth rate of GDP was estimated at 2.6% in the Greek Cypriot area in 2001, and at0.8% in the Turkish Cypriot area in 2000. The CIA defines GDP as the value of all final goods and services produced within a nation in a given year and computed on the basis of purchasing power parity (PPP) rather than value as measured on the basis of the rate of exchange. It was estimated that agriculture accounted for 4.6% of GDP, industry 19.9%, and services 75.5% in the Greek Cypriot area in 2001; agriculture accounted for 8.3% of GDP, industry 20.7% and services 71% in the Turkish Cypriot area in 2000. Foreign aid receipts amounted to about $65 per capita and accounted for approximately 1% of the gross national income (GNI).

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