Posted by meb at March 27th, 2008

Turkey’s gross domestic product (GDP) in 2007 reached $651 billion, in light of a new calculation system, Deputy Prime Minister Nazım Ekren said in Ankara yesterday.

Speaking at a meeting organized for the 11th anniversary of the Competition Authority, Ekren said national accounts due to be announced Monday will show that per capita income was about $9,000.

Noting that the government’s target for 2013 is per capita income of $10,000, Ekren said in light of the 2007 figure, this target might be revised upward.

For the last five years, the Turkish economy has been growing 6.5 to 7 percent annually, Ekren said, adding that the national economy has become the 17th largest in the world and the 16th largest in Europe.

Poverty levels have decreased, while foreign capital inflow increased, he said. “The period 2002-2007 has been one of normalization for Turkey,” Ekren said. “Structural reforms on the macro level, plus competition-enhancing micro reforms in goods and services sectors, will help us reduce inflation.”

Source: Turkish Daily News

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