Canada-Cyprus fact sheet
Cyprus
Official Title:
Republic of Cyprus
General Information
Capital: Nicosia
Population (million): .90
Total Area: 9,250 km2
Currency: 1 CAN$ = 0.68 EURO (EUR) (2021- Annual average)
National Holiday: October 1, Independence Day (1960)
Language(s): Greek, Türkçe, English
Political Information
Type of State:
Republic
Type of Government:
Presidential democracy. The island is divided since the 1974 Turkish invasion of northern Cyprus. Turkish troops occupy about 37% of the island. The self-declared Turkish Republic of Northern Cyprus is recognized by Türkiye only. Unicameral 80-seat House of Representatives (the “Vouli Antiprosopon”) composed of 56 seats for Greek Cypriots and 24 unfilled seats for Turkish Cypriots. The President is both the Chief of State and Head of government. Administrative divisions: 6 districts.
Head of State:
President Nicos Anastasiades (DISY, or Democratic Rally)
Head of Government:
President Nicos Anastasiades (DISY, or Democratic Rally)
Ministers:
Foreign Affairs: Ioannis Kasoulidis
Ministry of Energy, Commerce and Industry: Natasa Pelides
Defence : Charalambos Petrides
Main Political Parties:
DISY (Democratic Rally) - 17, AKEL (Progressive Party of the Working People) – 15, DIKO (Democratic Party) - 9, ELAM (National Popular Front) - 4, EDEK (Movement for Social Democracy) - 4, DIPA (Democratic Front) - 4, Cyprus Green Party – 3
Elections:
President (5 year term): next in 2023. House of Representatives (5 year term): next in 2026.
Economic Information (2021)
| Type | Cyprus | Canada |
|---|---|---|
| GDP: ($ billion) | 35.12 | 2,517.75 |
| GDP per capita: ($) | 39,199.83 | 65,864.62 |
| GDP growth rate: (%) | 5.59 | 4.54 |
| Inflation: (%) | 2.25 | 3.4 |
| Unemployment: (%) | 7.48 | 7.43 |
Source: IMF (estimates)
Product Trade and Investment (2021)
Canadian exports to country: $ 10,461,030
Canadian imports from country: $ 6,478,992
FDI in Canada: $ 1,385 million
CDI in the country: $ 2,732 million
Source: Statistics Canada
Representation
Foreign Representation in Canada:
High Commissioner Georgios Ioannides
Canadian Representation Abroad:
High Commissoner-designate Karine Asselin
Please note that all statistics reflect Canadian dollars, with some figures reflecting the yearly averages for the year. If listed as ’0’ or absent, the figure is unavailable.
| Year | Exports | Imports |
|---|---|---|
| 2017 | $ 13,713,042 | $ 2,969,540 |
| 2018 | $ 13,950,283 | $ 4,225,308 |
| 2019 | $ 10,962,609 | $ 4,689,392 |
| 2020 | $ 11,385,120 | $ 3,333,577 |
| 2021 | $ 10,461,030 | $ 6,478,992 |
| Section | Exports | Imports |
|---|---|---|
| 01 Animal & Prod. | $ 419,766 | $ 1,346,654 |
| 02 Veg. Prod. | $ 1,220,076 | $ 651,025 |
| 03 Fats, Oils & Waxes Prod. | - | $ 11,983 |
| 04 Food Prod. | $ 862,551 | $ 392,065 |
| 05 Mineral Prod. | - | $ 481,301 |
| 06 Chemical Prod. | $ 2,416,370 | $ 1,640,411 |
| 07 Plastics, Rubber Prod. | $ 403,347 | $ 250,528 |
| 08 Leather, Fur Prod. | $ 3,184 | $ 116 |
| 09 Wood Prod. | $ 161,789 | - |
| 10 Paper Prod. | $ 253,444 | $ 1,029 |
| 11 Textiles Prod. | $ 6,078 | $ 391 |
| 12 Dress Access. | $ 1,974 | $ 15 |
| 13 Glass & Stone Prod. | $ 26,338 | $ 26,292 |
| 14 Precious Metals/stones | $ 209 | $ 4,386 |
| 15 Base Metal Prod. | $ 290,505 | $ 93,473 |
| 16 Mach. Mech. Elec. Prod. | $ 3,099,685 | $ 1,159,971 |
| 17 Vehicles and Equip. | $ 60,777 | $ 166,189 |
| 18 Specialized Inst. | $ 540,459 | $ 28,776 |
| 19 Arms & Ammunition | - | - |
| 20 Misc. Articles | $ 436,585 | $ 221,526 |
| 21 Antiques | - | $ 2,231 |
December 2022
Sources include: Statistics Canada, IMF
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