Introduction
Background
A former British colony, Cyprus became independent in 1960. Tensions between the Greek Cypriot majority and Turkish Cypriot minority continue, with Turkey controlling part of the island since 1974. The entire island joined the EU in 2004, although EU law does not apply in the Turkish-controlled area.
Geography
Area
total : 9,251 sq km
land: 9,241 sq km
water: 10 sq km
Climate
temperate; Mediterranean with hot, dry summers and cool winters
Natural resources
copper, pyrites, asbestos, gypsum, timber, salt, marble, clay earth pigment
People and Society
Population
total: 1,320,525
Ethnic groups
Greek 98.8%, other 1% (includes Maronite, Armenian, Turkish-Cypriot), unspecified 0.2% (2011 est.)
Languages
Greek (official) 80.9%, Turkish (official) 0.2%, English 4.1%, Romanian 2.9%, Russian 2.5%, Bulgarian 2.2%, Arabic 1.2%, Filipino 1.1%, other 4.3%, unspecified 0.6%; note - data represent only the Republic of Cyprus (2011 est.)
Religions
Eastern Orthodox Christian 89.1%, Roman Catholic 2.9%, Protestant/Anglican 2%, Muslim 1.8%, Buddhist 1%, other (includes Maronite Catholic, Armenian Apostolic, Hindu) 1.4%, unknown 1.1%, none/atheist 0.6% (2011 est.)
Population growth rate
0.95% (2024 est.)
Government
Government type
Republic of Cyprus - presidential republic; self-declared "Turkish Republic of Northern Cyprus" (TRNC) - parliamentary republic with enhanced presidency
Capital
name: Nicosia (Lefkosia/Lefkosa)
Executive branch
chief of state: President Nikos CHRISTODOULIDIS (since 28 February 2023)
head of government: President Nikos CHRISTODOULIDIS (since 28 February 2023)
Legislative branch
description: area under government control: unicameral House of Representatives or Vouli Antiprosopon (80 seats; 56 assigned to Greek Cypriots, 24 to Turkish Cypriots, but only those assigned to Greek Cypriots are filled; members directly elected by both proportional representation and preferential vote; members serve 5-year terms; note - 3 seats each are reserved for the Latin, Maronite, and Armenian religious groups;
area administered by Turkish Cypriots: unicameral "Assembly of the Republic" or Cumhuriyet Meclisi (50 seats; members directly elected in multi-seat constituencies by proportional representation vote using a hybrid d'Hondt method with voter preference for individual candidates
Economy
Economic overview
services-based, high-income EU island economy; heavy tourism; sustained growth between recovery of national banking system and COVID-19 trade restrictions; high living standards; a known financial hub, its stock exchange functions as an investment bridge between EU-and EEU-member countries
Real GDP (purchasing power parity)
$46.976 billion (2023 est.)
$45.845 billion (2022 est.)
$43.637 billion (2021 est.)
Real GDP per capita
$50,600 (2023 est.)
$50,200 (2022 est.)
$48,500 (2021 est.)
Agricultural products
milk, potatoes, sheep milk, pork, goat milk, wheat, chicken, barley, grapes, olives (2022)
Industries
tourism, food and beverage processing, cement and gypsum, ship repair and refurbishment, textiles, light chemicals, metal products, wood, paper, stone and clay products
Exports
$28.808 billion (2023 est.)
$27.72 billion (2022 est.)
$26.303 billion (2021 est.)
Exports - partners
Hong Kong 10%, Greece 10%, Lebanon 7%, UK 6%, Liberia 5% (2022)
Exports - commodities
ships, refined petroleum, packaged medicine, cheese, scented mixtures (2022)
Imports
$29.091 billion (2023 est.)
$27.658 billion (2022 est.)
$25.164 billion (2021 est.)
Imports - partners
Greece 19%, Turkey 12%, Italy 9%, China 9%, Israel 5% (2022)
Imports - commodities
refined petroleum, ships, cars, packaged medicine, garments (2022)
Exchange rates
euros (EUR) per US dollar -
Page last updated: Wednesday, July 24, 2024
