FratFiles

• Save Paper

Cyprus has a record of successful economic performance reflected in rapid growth, full employment conditions, and external and internal stability, almost throughout the post-Independence period (from 1960). In terms of per capita income - currently estimated at US $12,687 (2003) - Cyprus is classified among the high-income European countries. The economy of Cyprus is 73.1 percent free, according to our 2007 assessment, which makes it the world's 20th freest economy. Its overall score is 0.2 percentage point lower than last year, partially reflecting new methodological detail. Cyprus is ranked 12th out of 41 countries in the European region, and its overall score is higher than the regional average. The first development plan (1962–66), designed to broaden the base of the economy and to raise the standard of living, resulted in an average annual real growth rate of 5.4%. The second development plan (1967–71) called for an annual growth rate of 7% in the GDP; actual growth during......

View the rest of this paper...

Approximate Word Count: 1326
Approximate Pages: 6 (250 words per double-spaced page)

Similar Essays

1. Cyprus Economic Development
   

   Cyprus Economic Development Cyprus has a record of successful economic performance reflected in rapid growth, full employment conditions, and external and internal stability,

2. To What Extent Is The Economic Development Of The Accession Countries...
   

   To what extent is the economic development of the accession countries likely to be as a result of EU regional policy? The ten accession countries joined the EU on 1st May 2004.

3. Review Of Cyprus Economy
   

   account for approximately 76% of GDP) free market economy with a record of successful economic performance – Rapid growth, full employment conditions, low inflation & external and

4. Tourism Economics
   

   growing industries in Fiji. It creates employment, brings about economic growth and development and earns a significant amount of foreign dollar for the economy. However, a

5. Travel &Amp; Tourism
   

   of mass tourism/all inclusive package holidays * Decline of seaside resorts * Socio - economic changes; increase in leisure time, disposable income, paid holidays and life