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destruction of factories by enemy action, it is estimated that factories situated in
areas controlied by the Turkish army employed 33% of the manufacturing labour
force and produced 26% of output..." 38 . Value added in the manufacturing sector
declined in 1974 by 11% and a further 4% the following year 39 . Despite
Government initiatives, employment in the sector dropped by 20% in 1974 and a
further 16% in 1975 40 . Christodoulou's figures are more dramatic, though their
origin is more obscure 41 . Recovery was, however, rapid. Overall gross
manufacturing output increased by 113% between the pre war peak in 1973 and
1978, and the value of manufactured exports increased by 370% over the same
period with footwear, clothing and cement representing the bulk of such exports.
The economic modernisation implicit in this, is reflected in Figure 2.10 in terms of
the 1980 structure of exports compared with the earlier graphs and tables.
38 Republic of Cyprus, Aprii 1975. (Unpublished - i.e. "Restricted") "Economie Consequences of the
Turkish Invasion and Future Prospects of the Cyprus Economy. " Nicosia: The Planning Bureau, p.
5.
39 Republic of Cyprus 1993. Industriai Statistics 1992. Nicosia: Ministry of Finance, Dept. of
Statistics and Research, p. 71.
40 Republic of Cyprus 1994. Labour Statistics 1993. Nicosia: Ministry of Finance, Dept. of Statistics
and Research, p. 31.
41 By comparison, Christodoulou argues that 45 % of manufacturing capacity was lost or captured,
wliilst manufacturing value added fell by nearly 24% in 1974 and a further 17.5% in 1975. From
just before the invasion until the end of 1975 employment in the manufacturing sector fell by almost
30%. Christodoulou 1992. op. cit., pp. 99-100.
87