Cyprus
Economy - overview: The Turkish Cypriot economy has roughly
half 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 experienced a sharp slowdown in
2008-09 due to the global financial crisis and, because of its
reliance on British and Turkish tourism, which has declined due to
the recession. Turkish Cypriot finances also deteriorated in 2009 as
decreased state revenues and increased government expenditures on
public sector salaries and social services led to a large budget
deficit. As tourism and the world economy picked up, the economy
grew about 0.6% in 2010.
GDP (purchasing power parity): $1.829 billion (2007 est.)
GDP - real growth rate: -0.6% (2010 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)
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Field Listing :: School life expectancy (primary to tertiary
education)
School life expectancy (SLE) is the total number of years of
schooling (primary to tertiary) that a child can expect to receive,
assuming that the probability of his or her being enrolled in school
at any particular future age is equal to the current enrollment
ratio at that age. Caution must be maintained when utilizing this
indicator in international comparisons. For example, a year or grade
completed in one country is not necessarily the same in terms of
educational content or quality as a year or grade completed in
another country. SLE represents the expected number of years of
schooling that will be completed, including years spent repeating
one or more grades.
Country
School life expectancy (primary to tertiary education)(years)
Afghanistan
total: 8 years
male: 11 years
female: 5 years (2004)
Albania
total: 11 years
male: 11 years
female: 11 years (2004)
Algeria
total: 13 years
male: 13 years
female: 13 years (2005)