Field Listing :: Geographic overview
Country
Geographic overview
World
The surface of the earth is approximately 70.9% water and
29.1% land. The former portion is divided into large water bodies
termed oceans. The World Factbook recognizes and describes five
oceans, which are in decreasing order of size: the Pacific Ocean,
Atlantic Ocean, Indian Ocean, Southern Ocean, and Arctic Ocean.
The land portion is generally divided into several, large, discrete
landmasses termed continents. Depending on the convention used, the
number of continents can vary from five to seven. The most common
classification recognizes seven, which are (from largest to
smallest): Asia, Africa, North America, South America, Antarctica,
Europe, and Australia. Asia and Europe are sometimes lumped together
into a Eurasian continent resulting in six continents.
Alternatively, North and South America are sometimes grouped as
simply the Americas, resulting in a continent total of six (or five,
if the Eurasia designation is used).
North America is commonly understood to include the island of
Greenland, the isles of the Caribbean, and to extend south all the
way to the Isthmus of Panama. The easternmost extent of Europe is
generally defined as being the Ural Mountains and the Ural River; on
the southeast the Caspian Sea; and on the south the Caucasus
Mountains, the Black Sea, and the Mediterranean. Africa's northeast
extremity is frequently delimited at the Isthmus of Suez, but for
geopolitical purposes, the Egyptian Sinai Peninsula is often
included as part of Africa. Asia usually incorporates all the
islands of the Philippines, Malaysia, and Indonesia. The islands of
the Pacific are often lumped with Australia into a "land mass"
termed Oceania or Australasia.
Although the above groupings are the most common, different
continental dispositions are recognized or taught in certain parts
of the world, with some arrangements more heavily based on cultural
spheres rather than physical geographic considerations.
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Field Listing :: Economy of the area administered by Turkish Cypriots
Country
Economy of the area administered by Turkish Cypriots
Cyprus
Economy - overview: The Turkish Cypriot economy has roughly
40% of the per capita GDP of the south, and economic growth tends to
be volatile, given the north's relative isolation, bloated public
sector, reliance on the Turkish lira, and small market size.
Agriculture and services, together, employ more than half of the
work force. The Turkish Cypriot economy grew around 10.6% in 2006,
fueled by growth in the construction and education sectors, as well
as increased employment of Turkish Cypriots in the area under
government control. GDP declined about 2.0% in 2007. The Turkish
Cypriots are heavily dependent on transfers from the Turkish
Government. Ankara directly finances about one-third of the "TRNC's"
budget. Aid from Turkey has exceeded $400 million annually in recent
years. The Turkish Cypriot economy probably will experience a sharp
slowdown in 2008-2009 due to the global financial crisis, because
the Turkish Cypriot financial sector is dominated by mainland
Turkish banks, and because of its reliance on British and Turkish
tourism, which has declined due to the recession.
GDP (purchasing power parity): $1.829 billion (2007 est.)
GDP - real growth rate: -2% (2007 est.)
GDP - per capita: $11,700 (2007 est.)
GDP - composition by sector: agriculture: 8.6%, industry: 22.5%,
services: 69.1% (2006 est.)
Labor force: 95,030 (2007 est.)
Labor force - by occupation: agriculture: 14.5%, industry: 29%,
services: 56.5% (2004)
Unemployment rate: 9.4% (2005 est.)
Population below poverty line: %NA
Inflation rate: 11.4% (2006)
Budget: revenues: $2.5 billion, expenditures: $2.5 billion (2006)
Agriculture - products: citrus fruit, dairy, potatoes, grapes,
olives, poultry, lamb
Industries: foodstuffs, textiles, clothing, ship repair, clay,
gypsum, copper, furniture
Industrial production growth rate: -0.3% (2007 est.)
Electricity production: 998.9 million kWh (2005)
Electricity consumption: 797.9 million kWh (2005)
Exports: $68.1 million, f.o.b. (2007 est.)
Export - commodities: citrus, dairy, potatoes, textiles
Export - partners: Turkey 40%; direct trade between the area
administered by Turkish Cypriots and the area under government
control remains limited
Imports: $1.2 billion, f.o.b. (2007 est.)
Import - commodities: vehicles, fuel, cigarettes, food, minerals,
chemicals, machinery
Import - partners: Turkey 60%; direct trade between the area
administered by Turkish Cypriots and the area under government
control remains limited
Reserves of foreign exchange and gold: $NA
Debt - external: $NA
Currency (code): Turkish new lira (YTL)
Exchange rates: Turkish new lira per US dollar: 1.319 (2007) 1.4286
(2006) 1.3436 (2005) 1.4255 (2004) 1.5009 (2003)