Other political or pressure groups: United Democratic Youth Organization
(EDON; Communist controlled); Union of Cyprus Farmers (EKA; Communist
controlled); Cyprus Farmers Union (PEK; pro-West); Pan-Cyprian Labor Federation
(PEO; Communist controlled); Confederation of Cypriot Workers (SEK; pro-West);
Federation of Turkish Cypriot Labor Unions (Turk-Sen); Confederation of
Revolutionary Labor Unions (Dev-Is)
Member of: CCC, Commonwealth, Council of Europe, FAO, G-77, GATT,
IAEA, IBRD, ICAO, ICO, IDA, IFAD, IFC, ILO, IMF, IMO, INTELSAT, INTERPOL,
ITU, NAM, UN, UNESCO, UPU, WFTU, WHO, WMO, WTO; Turkish Federated State
of Cyprus—OIC (observer)
Diplomatic representation: Ambassador Michael E. SHERIFIS; Chancery at 2211 R Street NW, Washington DC 20008; telephone (202) 462-5772; there is a Cypriot Consulate General in New York; US—(vacant); Embassy at the corner of Therissos Street and Dositheos Street, Nicosia (mailing address is FPO New York 09530); telephone [357] (2) 465151
Flag: white with a copper-colored silhouette of the island (the name Cyprus is derived from the Greek word for copper) above two green crossed olive branches in the center of the flag; the branches symbolize the hope for peace and reconciliation between the Greek and Turkish communities
- Economy Overview: These data are for the area controlled by the Republic of Cyprus (information on the northern Turkish-Cypriot area is sparse). The economy is small, diversified, and prosperous. Industry contributes about 28% to GDP and employs 35% of the labor force, while the service sector contributes about 55% to GDP and employs 40% of the labor force. Rapid growth in exports of agricultural and manufactured products and in tourism have played important roles in the average 6% rise in GDP in recent years. While this growth put considerable pressure on prices and the balance of payments, the inflation rate has remained low and the balance-of-payments deficit manageable.
GDP: $4.2 billion, per capita $6,100; real growth rate 6.9% (1988 est.)
Inflation rate (consumer prices): 3.9% (1989 est.)
Unemployment rate: 2.8% (1988)
Budget: revenues $1.2 billion; expenditures $1.4 billion, including capital expenditures of $178 million (1989 est.)
Exports: $767 million (f.o.b., 1988); commodities—citrus, potatoes, grapes, wine, cement, clothing and shoes; partners—Middle East and North Africa 37%, UK 27%, other EC 11%, US 2%