cyprus gdp per capitamauritania pronunciation sound

Trade is vital to the Cypriot economy — the island is not self-sufficient in food and until the recent Surveys suggest more than 100 trillion cubic feet (2.831 trillion cubic metres) of Tourism is an important factor of the island state's economy, culture, and overall brand development. The services sector, including tourism, contributes almost 80% to GDP and employs more than 70% of the labor force. The European Union , an economy made up of 27 separate countries, is the world's second most prosperous economy, at $22.7 trillion in 2019. The economy of Cyprus is a high-income economy as classified by the World Bank, and was included by the International Monetary Fund in its list of advanced economies in 2001. The underdeveloped agrarian economy inherited from colonial rule has been transformed into a modern economy, with dynamic services, industrial and agricultural sectors and an advanced physical and social infrastructure.

The GDP per capita is obtained by dividing the country’s gross domestic product, adjusted by inflation, by the total population. Although the economy operates on a free-market basis, the lack of private and government investment, shortages of skilled labor and experienced managers, and inflation and the devaluation of the Turkish lira continue to plague the economy. The Cypriots are among the most prosperous people in the The economic achievements of Cyprus during the preceding decades have been significant, bearing in mind the severe economic and social dislocation created by the The success of Cyprus in the economic sphere has been attributed, In the past 30 years, the economy has shifted from agriculture to light manufacturing and services.

The GDP value of Cyprus represents 0.02 percent of the world economy. Constant 2010 USD GDP per capita (current US$) - Cyprus. The Trading Economics Application Programming Interface (API) provides direct access to our data. Overvaluation of the Cypriot pound prior to the adoption of the euro in 2008 had kept inflation in check. The Gross Domestic Product (GDP) in Cyprus was worth 24.56 billion US dollars in 2019, according to official data from the World Bank. GDP per capita in Cyprus averaged 22744.92 USD from 1975 until 2019, reaching an all time high of 32725.60 USD in 2008 and a record low of 7360 USD in 1975. It primarily exported goods and services such as citrus fruits, cement, potatoes, clothing and pharmaceuticals. GDP in Cyprus averaged 11.86 USD Billion from 1975 until 2019, reaching an all time high of 27.84 USD Billion in 2008 and a record low of 0.49 USD Billion in 1975. Industry and construction account for approximately one-fifth of GDP and labor, while agriculture is responsible for 2.1% of GDP and 8.5% of the labor force.

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