In the 1960s, agriculture was the pillar of the national economy. Since the split of Cyprus in the mid-1970s, great changes have taken place in the economic structure. From the 1970s to the mid-1980s, economic development mainly depended on manufacturing. After that, services such as shipping, tourism and financial services replaced manufacturing and became the main driving force of economic growth. Since 1998 became a candidate for EU membership, the economic policy and structure have been adjusted according to the requirements of joining the EU. On May 1 2004, it officially joined the European Union. In June 2008, 65438+ 10/successfully joined the euro zone, and since then, the economy has further integrated into Europe. 20 12 June, affected by the Greek debt write-down, it fell into a financial crisis and had to apply for assistance from the European Union. 2065438+On March 25th, 2003, Serbia and the Troika reached a rescue agreement in principle of 654.38 billion euros, provided that the deposits of the first and second largest banks in China exceeded 654.38 billion euros. Cyprus is a traditional agricultural country, focusing on the development of tourism. The people are relatively rich, and the per capita GDP is higher than the EU average. 20 13 troubled by the European debt crisis, the Cyprus government decided to levy a deposit tax on bank depositors to save the local banking industry facing bankruptcy. According to the taxation proposal, the tax rate for depositors with deposits below 6,543,800 euros is 3%, that for depositors with deposits between 6,543,800 euros and 500,000 euros is 654.38+ 00%, and that for depositors with deposits above 500,000 euros is 654.38+ 05%. The previous plan was that the tax rate for depositors with deposits below 654.38+million euros was 6.75%, and that for those who exceeded this level was 9.9%. This caused an uproar among local residents, and many local banks and ATMs were even crowded. Cyprus economy was listed as a high-income economy by the World Bank and a developed economy by the International Monetary Fund in 20001year. During the period of 1990, due to the unstable political situation and economic fluctuation in western Europe, the number of tourists in this country fluctuated, resulting in unstable economic growth rate. 20 14 the economic situation is expected to deteriorate. Cyprus has an open and free market, a service-oriented economy and a small amount of light industry. Its geographical location is at the intersection of East and West, its citizens are educated and can speak English, its local expenses are moderate, and its shipping and telecommunications facilities are good. 1960 after independence from Britain, Cyprus's economy performed well, with strong growth, full employment and relatively stable situation. In the colonial era, the underdeveloped agricultural economy also developed into a modern economy. The service industry, industry and agriculture are constantly changing, and the material and social infrastructure is advanced. In 20 13, Cyprus' per capita GDP exceeded 24,000 yuan, making it one of the richest countries in the Mediterranean region. Cyprus has a good standard of living, a "very high" human development index and a 23rd quality of life index in the world. However, after more than 30 years of sustained growth, the country's economy shrank in 2009 due to the global economic recession and the European sovereign debt crisis. Recently, its public finances and increasing borrowing costs have attracted much attention. In addition, in July of 20 1 1, an explosion occurred in EvangelosFlorakisNavalBase, Efoulou, which brought a heavy economic burden to the country. The estimated loss was about1-300 million euros, which was as high as 17% of GDP.