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
Northern Cyprus to be around 20,000. Kyrenia is considered the capital of tourism in Northern Cyprus, with its numerous hotels, entertainment facilities, vibrant nightlife and shopping areas. In 2012, 62.7% of the visitors in Northern Cyprus stayed in the Girne District during their visit. Out of the 145 hotels in Northern Cyprus, 99 were in the Girne District in 2013. Northern Cyprus has traditionally been an attraction for beach holidays, partly thanks to its reputation as an unspoiled area. Its mild climate, rich history and nature are seen as sources of attraction. A significant sector of eco-tourism has been developed in Northern