Economy in TRNC

General

The development policy in the Turkish Republic of Northern Cyprus aims at the realization of structural adjustment required for the achievement of the highest possible rate of growth compatible with the maintenance of economic stability, the more equitable distribution of national income and the improvement of standard of living.

For the realization of these objectives long-term plans and annual programs have been prepared and put into action since 1977, which marked the beginning of the planning period.

In accordance with the liberal economic policy adopted by the government of the TRNC Trade, Tourism, Education, Transportation and Industrial sectors preserved their priority and importance.

For the assessment of the economic performance in the TRNC the following economic indicators are worth examining.