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y over 60% 113 whilst Greek-Cypriot income had fallen by nearly 35 % 114 . So in
1976, officiai estimâtes put Greek-Cypriot per capita income at $1520 and Turkish-
Cypriot per capita income at $1504 (in 1977 US dollars). After 1976, however,
Cypriot economic growth trajectories diverge dramatically, (see Figure 7.1) and yet
little has been written of these developments in Cyprus' other community. Whilst
the Greek-Cypriot economy bounced back from another bout of fighting (anticolonial
1955-58, inter-communal, 1963-67, intra-communal 1967-74, and coup
and invasion in 1974), Turkish-Cypriots appear to have fared less well.
The following chapter attempts to piece together a rough sketch of the development
of a separate Turkish-Cypriot economy, while chapter 4 looks at developments in
the Turkish-Cypriot economy following de facto division. In chapter 5, many of the
long-term themes introduced both here (in chapter 2) and in chapter 4, are
developed as the focus is sharpened onto the short-term recovery. Do they provide
an explanation for the growth trends observed in the island's two économies?
Chapter 6 draws it all together, looking back at the island as a whole, and asks
whether a single, integrated economy would be greater than the sum of the two? But
first a closer look at the évolution of a separate Turkish-Cypriot economy.
113 Bicak 1993. op. cit., p. 8.
[14 Represents loss of real GNP in 1974 and 1975. Rep. of Cyprus. 1994. Historical Data on the
Economy of Cyprus 1960 - 1991. Nicosia: Ministry of Finance, Dept of Statistics and Research, pp.
19-20.
123