Exports The top exports of Cyprus are Passenger and Cargo Ships ($680M), Refined Petroleum ($557M), Packaged Medicaments ($425M), Special Purpose Ships ($373M), and Cheese ($292M), exporting mostly to India ($404M), Greece ($382M), Libya ($353M), United Kingdom ($320M), and Italy ($170M).
What does Cyprus export the most?
Cyprus mostly exports citrus fruits, cement, potatoes, clothing and pharmaceuticals. Cyprus’ largest, and most important, trading partner is the European Union, which accounts for 50% of all Cypriot trade flows, followed by the Middle East, destination for 20% of exports from Cyprus.
What does Cyprus produce?
The major crops of the Greek Cypriot sector include grapes, deciduous fruits, potatoes, cereal grains, vegetables, olives, and carobs. The area under Turkish occupation produces the bulk of the country’s citrus fruits, wheat, barley, carrots, tobacco, and green fodder.
What is the main source of income in Cyprus?
The services sector, including tourism, contributes almost 80% to GDP and employs more than 70% of the labor force. Industry and construction account for approximately one-fifth of GDP and labor, while agriculture is responsible for 2.1% of GDP and 8.5% of the labor force.
What products does Cyprus import?
On a smaller scale, Cyprus imports crude petroleum, computers, broadcasting equipment, and textiles. Cyprus’ partner countries when it comes to imports are Greece, Turkey, and Israel. Cyprus imports almost 15% of its goods from Greece, and then Turkey and Israel supply about 8% of Cyprus’ total imported goods.
Is Cyprus a rich island?
The people of the Greek zone are among the most affluent in the world. According to the World Bank’s Development Report, Cyprus is ranked 16th in terms of per capita income adjusted for purchasing power. In 1988 per capita income was US$15,500, according to the CIA World Factbook .
What should I buy in Cyprus?
Wine, olive oil, embroidery, glass and jewelry, folk art, icons and other religious items – our review covers all of these and more.
- Olive oil and olives. …
- Wine. …
- Carob Products. …
- Halloumi cheese. …
- Glass. …
- Icons and other religious items.
What is the major religion in Cyprus?
Christians make up 78% of the total Cypriot population. Christianity includes the Greek Orthodox Church of Cyprus, the Armenian Church in Cyprus, Maronite, Roman Catholicism, and Protestants. Most Greek Cypriots are members of the Autocephalous Greek Orthodox Church of Cyprus (Church of Cyprus).
What is the minimum wage in Cyprus?
In 2019, the national minimum wage in Cyprus remained fixed at 870 € per month, that is 10,440 euros per year, taking into account 12 payments per year.
Cyprus repeats minimum wage.
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Is Cyprus a good country to live?
Cyprus is certainly not perfect, but it is an exotic little island, offering the stability of being inside the EU, good networking opportunities, low tax pressure and amazing weather for all the sun seeking entrepreneurs out there. Moreover, the crime rate is very low, and it’s one of the safest countries in the world.