Stock of direct foreign investment - at home:
$29.36 billion (31 December 2010 est.) country comparison to the world: 62 $26.61 billion (31 December 2009 est.)
Stock of direct foreign investment - abroad:
$16.57 billion (31 December 2010 est.) country comparison to the world: 46 $15.79 billion (31 December 2009 est.)
Exchange rates:
euros (EUR) per US dollar - 0.774 (2010), 0.718 (2009), 0.6827 (2008), 0.4286 (2007), 0.4586 (2006)
Economy of the area administered by Turkish Cypriots:
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.)