Sources: The Library of Congress Country Studies; CIA World Factbook
The construction industry was an important segment of the Turkish Cypriot economy and provided about 10 percent of employment and about 7 percent of GDP in the late l980s. Demand for housing, especially for the refugees displaced by the events of 1974, extensive work on the infrastructure, and a rapidly expanding tourist industry accounted for much of this activity. Governmentfinanced housing programs for civil servants also helped maintain the construction industry. The cost of government -financed housing of this kind was cheaper than in the private sector and permitted ordinary wage-earners to become homeowners.
Data as of January 1991
NOTE: The information regarding Cyprus on this page is re-published from The Library of Congress Country Studies and the CIA World Factbook. No claims are made regarding the accuracy of Cyprus Construction information contained here. All suggestions for corrections of any errors about Cyprus Construction should be addressed to the Library of Congress and the CIA.