Cyprus

Economy

Agricultural products include citrus, vegetables, cereal grains, potatoes, olives, and cotton; in addition, the Greek sector grows deciduous fruits and wine grapes, and the Turkish side, where agriculture is more important, grows tobacco and table grapes. Poultry, hogs, sheep, goats, and some cattle are raised. Fishing is an important industry in the Turkish sector, and the Greek side has a strong manufacturing economy that produces building materials, textiles, chemicals, and metal, wood, paper, stone, and clay products. There is also food and beverage processing, ship repair, and petroleum refining. Mineral resources include copper, pyrites, asbestos, gypsum, and salt. Tourism is important for both areas; financial services are also important in the Greek sector. The Greek sector is considerably more prosperous than the Turkish side, which is heavily dependent on aid from Turkey. Exports include citrus, potatoes, pharmaceuticals, clothing, and cigarettes from the Greek side and citrus, dairy products, potatoes, and textiles from the Turkish side. Both sides import consumer goods, fuel, machinery, transportation equipment, and foodstuffs. The main trading partners are Greece, Great Britain, France, and Germany.

The Columbia Electronic Encyclopedia, 6th ed. Copyright © 2012, Columbia University Press. All rights reserved.

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