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The area of the Republic of Cyprus under government control has a market economy dominated by the service sector, which accounts for nearly four-fifths of GDP. Tourism, financial services, and real estate are the most important sectors. Erratic growth rates over the past decade reflect the economy's reliance on tourism, which often fluctuates with political instability in the region and economic conditions in Western Europe. Nevertheless, the economy in the area under government control has grown at a rate well above the EU average since 2000. Cyprus joined the European Exchange Rate Mechanism (ERM2) in May 2005 ...  More..

Economy of Cyprus
SOURCE: CIA - The World Factbook
Currency Euro
GDP (PPP) $22.97 billion (2009 est.)
GDP (per capita) $21,200 (2009 est.)
Exports $1.135 billion (2009 est.)
Imports $6.676 billion (2009 est.)
Main 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
Exports - Commodities Citrus, Potatoes, Pharmaceuticals, Cement, and Clothing
Imports - Commodities Consumer Goods, Petroleum and Lubricants, Intermediate Goods, Machinery, Transport Equipment
Exports Partners Greece 20%, UK 10.8%, Germany 6% (2008)
Imports Partners Greece 16.9%, Italy 10.7%, UK 8.7%, Germany 8.3%, Israel 8.2%, China 5.3%, Netherlands 4.1%, France 4.1% (2008)

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