International organization participation: C, CCC, CE, EBRD, ECE,
EU (applicant), FAO, G-77, IAEA, IBRD, ICAO, ICC, ICFTU, IDA, IFAD,
IFC, IFRCS (associate), IHO, ILO, IMF, IMO, Inmarsat, Intelsat,
Interpol, IOC, IOM, ISO, ITU, NAM, OAS (observer), OPCW, OSCE, PCA,
UN, UNCTAD, UNESCO, UNIDO, UPU, WCL, WFTU, WHO, WIPO, WMO, WToO, WTrO
Diplomatic representation in the US: chief of mission: Ambassador Erato KOZAKOU-MARCOULLIS chancery: 2211 R Street NW, Washington, DC 20008 consulate(s) general: New York note: representative of the Turkish Cypriot area in the US is Ahmet (202) 887-6198
Diplomatic representation from the US: chief of mission: Ambassador Kenneth C. BRILL embassy: corner of Metochiou and Ploutarchou Streets, Engomi, Nicosia mailing address: P. O. Box 4536, FPO AE 09836
Flag description: 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 note: the Turkish Cypriot flag has a horizontal red stripe at the top and bottom between which is a red crescent and red star on a white field
Economy
Economy—overview: Economic affairs are dominated by the division of the country into the southern (Greek) area controlled by the Cyprus Government and the northern Turkish Cypriot-administered area. The Greek Cypriot economy is prosperous but highly susceptible to external shocks. Erratic growth rates in the 1990s reflect the economy's vulnerability to swings in tourist arrivals, caused by political instability on the island and fluctuations in economic conditions in Western Europe. Economic policy in the south is focused on meeting the criteria for admission to the EU. As in the Turkish sector, water shortage is a growing problem, and several desalination plants are planned. The Turkish Cypriot economy has about one-fifth the population and one-third the per capita GDP of the south. Because it is recognized only by Turkey, it has had much difficulty arranging foreign financing, and foreign firms have hesitated to invest there. The economy remains heavily dependent on agriculture and government service, which together employ about half of the work force. Moreover, the small, vulnerable economy has suffered because the Turkish lira is legal tender. To compensate for the economy's weakness, Turkey provides direct and indirect aid to nearly every sector, e.g. tourism, education, and industry.
GDP: purchasing power parity—$10 billion (1997 est.)
GDP—real growth rate: 2.3% (1997 est.)
GDP—per capita: purchasing power parity?$13,000 (1997 est.)
GDP—composition by sector: Greek Cypriot area: agriculture 4.4%; industry 22.4%; services 73.2% (1996); Turkish Cypriot area: agriculture 10%; industry 24.6%; services 65.4% (1995)