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Canada-Cyprus fact sheet

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)

Comparative figures
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.

Bilateral Product trade
Canada - Cyprus
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
21 HS Sections (2021)
Canada - Cyprus
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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