Cyprus (In billions, 2010 est.

)
GDP (purchasing power parity) $23.18
GDP (official exchange rate) $22.75
Growth Rate 0.60%
GDP per Capita $21,000
Unemployment Rate 5.60%
Population Below Poverty NA%
Exports $2.232
Imports $7.96
National Debt 61.1% of GDP

Cyprus Economic Analysis

Cyprus, officially the Republic of Cyprus, is a Eurasian island country in the Eastern
Mediterranean, east of Greece, south of Turkey, west of Syria and north of Egypt. Its industries
are 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 include citrus, potatoes, cement, clothing, and pharmaceuticals. Export
partners include partners are Greece 23.83%, Germany 9.2%, and the UK 8.78% (2009). Imports
commodities include consumer goods, petroleum and lubricants, machinery, and transport
equipment. Imports partners include Greece 20.18%, Italy 10.67%, UK 8.95%, Germany 8.79%,
Israel 6.99%, China 5.52%, Netherlands 4.85%, and France 4.01% (2009). The economy went
into recession in 2009, contracting by 1.8%, and had a growth rate of 0.6% in 2010. The budget
deficit reached 5.7% of GDP in 2010.