Northern Cyprus has a lower standard of living compared to most European countries, but it is not considered one of the poorest countries in the world.
More detailed answer question
Northern Cyprus is a self-declared state that is recognized only by Turkey. The country has a lower standard of living compared to most European countries, but it is not considered one of the poorest countries in the world. According to the World Bank, the GDP per capita in Northern Cyprus was $15,300 in 2019.
One of the main reasons for the lower standard of living in Northern Cyprus is its isolation from the international community due to its disputed status. This has led to limited economic opportunities and foreign investment. The country heavily relies on Turkey for financial aid, tourism, and trade.
Despite these challenges, Northern Cyprus has a well-developed tourism sector and is known for its beautiful beaches, historic landmarks, and cultural heritage. The country also has a strong agricultural sector and is known for producing high-quality citrus fruits and olive oil. Moreover, Northern Cyprus is experiencing a construction boom, which is driving economic growth in the country.
In summary, Northern Cyprus has a lower standard of living compared to most European countries, but it is not considered one of the poorest countries in the world. The country heavily relies on Turkey for financial aid, tourism, and trade, and is experiencing a construction boom that is driving economic growth. As the late Turkish poet Nazim Hikmet said, “The humankind, like everything else in the universe, lives in a persistent fleetingness. And the duty of a human is to grasp the possible and impossible, the endless and the limited, in the quality of a unique and conscious universe.”
Table: Northern Cyprus economic indicators (2019)
GDP per capita: $15,300
Inflation: 7.2%
Unemployment rate: 9%
Tourism revenue: $993 million
International trade: $2.8 billion
See a related video
The YouTuber in this video provides three reasons why she left North Cyprus. Firstly, she found surviving in country without a sponsor to be stressful due to the lack of job opportunities. Secondly, the government required her to renew her student payment permit for just one year after completing her master’s degree. Lastly, she wanted to be with her family and start a new chapter in her life. In addition, the YouTuber’s guest in this video also explains why he left North Cyprus after finishing his degree and due to the unfortunate passing of his father.