Middle East Oil & Gas: Iranian Win?

MIDDLE EAST 2014 SUPPLEMENT   By Ronald Fink   Some analysts think the Ukrainian crisis could help improve prospects for Middle Eastern oil producers—pushing up prices and driving development of recent finds as a result.   The crisis in Ukraine sent global ...

 
 
Source
Central bank

Central Bank of Cyprus
Cyprus is part of the Eurosystem and the European Central Bank

International Reserves

US$ 1.187 billion (Source: IMF; Data updated: 2012)

Source
Gross Domestic Product - GDP

US$ 24.014 billion (2010 estimate)

GDP (Purchasing Power Parity)

23.752 billion of International dollars (2010 estimate)

Real GDP growth
2001 2002 2003 2004 2005 2006 2007 2008
4% 2.1% 1.9% 4.2% 3.9% 4.1% 5.1% 3.6%
2009 2010 2011 2012*        
-1.9% 1.1% 0.5% -1.2%        

*Estimate

GDP per capita - current prices

US$ 28,961 (2010 estimate)

GDP per capita - PPP

$28,646 International Dollars (2010 estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2015**
0.02% 0.03% 0.03% 0.03% 0.03%

**Forecast

 
 
Source
GDP - composition by sector

(Data released on February 2012)

  • agriculture: 2.3%
  • industry: 16.4%
  • services: 81.3% (2011 estimate)
Gross domestic expenditure on R&D; (% of GDP)

N/A

(Data released on March 2012)

Inflation
2009 2010 2011 2012*
0.2%(2008) 2.6% 3.5% 2.8%

*Estimate

Unemployment rate
2009 2010 2011 2012*
5.4% 6.2% 7.8%(2009) 9.5%

*Estimate

Household saving rates

N/A

(Data released on December 2011)

Public debt (General government gross debt as a % of GDP)
2008 2009 2010 2011 2012*
48.6% 58.3% 61.3% 71.8% 74.3%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2008 2009 2010 2011* 2012**
0.9% -6.1% -5.3% -6.5% -3.7%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: B

Moody's rating: B3

Moody's outlook: NEG

(Foreign Currency Government Bond Ratings; Data last updated Dec 2011 and Nov 2012)

Market value of publicly traded shares
2009 2010 2011
US$4.993 billion US$6.834 billion US$2.853 billion
Largest companies in Cyprus

Marfin Popular Bank (Regional Banks) (2012)

 
 
Source
Current account balance

US$ -1.5 billion (2010 estimate)(After 2008)

Current account balance by percentage of GDP

-6.2% of GDP (2010 estimate)(2009)

Exports as percent of GDP(Exports of goods and services)

40.1% (2010)

(Data released on April 2012)

Shares in world total merchandising export

0.01%(2007)

(Data were released in 2012 and refer to 2011)

Shares in world total commercial services export

0.2% (2011)(2007)

(Data were released in 2012)

Total exports

US$1.889 billion (2012 estimate) 

Export commodities

citrus, potatoes, pharmaceuticals, cement, clothing

Total imports

US$7.716 billion (2012 estimate) 

 
 
Source
Import commodities

consumer goods, petroleum and lubricants, machinery, transport equipment

Exports - major partners

Greece 26.2%, UK 10.2%, Germany 5.6% (2011)

Imports - major partners

Greece 21.5%, Israel 10.4%, UK 9.2%, Italy 8.3%, Germany 8.1%, France 5.7%, China 4.8%, Netherlands 4.6% (2011)

FDI inflows
2009 2010 2011
US$3,472 million US$766 million(2009) US$276 million(2009)
FDI outflows
2009 2010 2011  
US$383 million US$679 million US$1,828 million  
Value of cross-border M&A;, by country of purchaser
2008 2009 2010 2011
US$1,725 million US$1,395 million(2009) US$-39 million(2009) US$3,903 million
Cross-border M&A; deals worth over $3 billion completed in 2010(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A; click here )

Cross-border M&A; deals worth over $3 billion completed in 2011(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

Metelem Holding Ltd, Polkomtel SA, Poland, $6.6 billion(2008 estimate)

(for a monthly update on M&A; click here )

Best countries for doing business World Bank/IFC Doing Business Project (Economies are ranked on their ease of doing business, from 1 - 185. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 36 out of 185 countries(2009) (2013)

Subcategories:

Starting a business: 37 out of 185 countries(2009)

Enforcing Contracts: 108 out of 185 countries

Registering Property: 99 out of 185 countries

Getting credit: 53 out of 185 countries

Protecting investors: 32 out of 185 countries

Trading across border: 18 out of 185 countries

Paying Taxes: 31 out of 185 countries

Dealing with Construction Permits: 80 out of 185 countries

Getting Electricity: 98 out of 185 countries

Resolving Insolvency: 25 out of 185 countries

(2013)

Global competitiveness ranking(ranking by country on a basis of 144, the first is the best)

58

(2012)

 

 

Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 20 Score: 71.8 (Mostly Free) (2009)

(100=totally free 0=totally repressed )

 
 
Source
Total area

9,251 km2 (2006)

Capital

Nicosia (Lefkosia) (2009)

Currency

euros (EUR) (2009)

Government type

republic (2009)

Languages

Greek, Turkish, English

Religions

Greek Orthodox 78%, Muslim 18%, other (includes Maronite and Armenian Apostolic) 4%

Total population
1980 1990 2000 2012* 2017**
0.51 million 0.58 million 0.69 million 0.88 million 0.95 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2011
35.6% 58.6% 68.6% 70.5%
Population median age

34 years (2010)

Population growth rate

1.2% (2011)

Life expectancy

79 years (2010)

Adult literacy

98% (2005/2010)

% of population living on less than $2 a day

N/A

Inequality of wealth distribution (Gini index)

N/A

(Data were released in 2011, 0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:1
Civil Liberties:1 (2011)

(1 represents the most free, 7 the least free)

Source
Total telephone subscribers as % of population

133.98% (2011)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population

57.68% (Data were released in 2012 and refer to 2011)

Cost of living - Mercer index(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

N/A

Source
CO2 emissions(Metric tons of CO2 per capita)

7.5188 (Data were released in 2012 and refer to 2009)

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