Economy of Cyprus levels of those that live in the capital city: citizens living in the capital express lower levels of happiness. As found in this study, citizens of Cyprus that live in its capital, Nicosia, are significantly less happy than others whether or not socio-economic variables are controlled for. Another finding was that the young people in the capital are unhappier than the rest of Cyprus; the old are not. Economy of Cyprus The economy of Cyprus is classified by the World Bank as a high-income economy, and was included by the International Monetary Fund in its list of advanced economies in
Capital city prime economic, cultural, or intellectual centres of a nation or an empire are sometimes referred to as primate cities. Examples are Athens, Bangkok, Brussels, Buenos Aires, Copenhagen, Cairo, London, Mexico City, Paris, Seoul and Tokyo. News media will often use the name of a capital city as an alternative name for the country of which it is the capital or of the government that is seated there, as a form of metonymy. For example, "relations between Washington and London" refer to "relations between the United States and the United Kingdom". The word "capital" derives from the Latin "caput" (genitive "capitis"),