_*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 25% 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.
_#_GDP: $5.4 billion, per capita $7,960; real growth rate 5.5% (1990)
_#_Inflation rate (consumer prices): 4.5% (1990)
_#_Unemployment rate: below 2% (1990)
_#_Budget: revenues $1.2 billion; expenditures $1.4 billion, including capital expenditures of $178 million (1989 est.)
_#_Exports: $770 million (f.o.b., 1990);
commodities—citrus, potatoes, grapes, wine, cement, clothing and shoes;
partners—UK 23%, Greece 10%, Lebanon 9%, Saudi Arabia 4%
_#_Imports: $2.5 billion (f.o.b., 1990);
commodities—consumer goods, petroleum and lubricants, food and feed grains, machinery;