|Main industries||tourism, food and beverage processing, cement and gypsum, ship repair and refurbishment, textiles, light chemicals, metal products, wood, paper, stone and clay products|
|Ease-of-doing-business rank||54th (easy, 2020)|
|Exports||$2.805 billion (2017 est.)|
What is the main source of income in Cyprus?
The Cyprus economy is dominated by services, which accounted for 82.7% of gross value added in 2019, while industry accounted for 8%, construction 7% and agriculture, forestry and fishing 2.3%.
How does Cyprus make its money?
The economy of Northern Cyprus is dominated by the services sector (69% of GDP in 2007), which includes the public sector, trade, tourism and education. Industry (light manufacturing) contributes 22% of GDP and agriculture 9%.
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.
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$15,500, according to the CIA World Factbook .
What is the major religion in Cyprus?
Christians make up 78% of the total Cypriot population. Christianity includes the Greek Orthodox Church of Cyprus, the Armenian Church in Cyprus, Maronite, Roman Catholicism, and Protestants. Most Greek Cypriots are members of the Autocephalous Greek Orthodox Church of Cyprus (Church of Cyprus).
How much does it cost to live in Cyprus?
Family of four estimated monthly costs are 2,845$ (2,411€) without rent. A single person estimated monthly costs are 807$ (684€) without rent. Cost of living in Cyprus is, on average, 14.12% lower than in United States.
Is North Cyprus a poor country?
In 1980, Cyprus had a GDP of $2.15 billion. As of 2017, the country’s economy has risen to an estimated $21.65 billion. … Poverty rates in Cyprus have also steadily dropped as the economy of the country grows, although poverty in North (Turkish) Cyprus is somewhat higher than South (Greek) Cyprus.
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.