Income per capita to surpass $25,000 by 2023: PM Yıldırım

CHISINAU, Moldova

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Turkey aims to attain an income per capita in excess of $25,000 by 2023, the 100th anniversary of the establishment of the republic, Prime Minister Binali Yıldırım said on May 6. 

Addressing a Turkey-Moldova business forum on the second of his two-day visit to the Eastern European country, Yıldırım said Turkey also aimed to also reach a gross domestic product (GDP) of $2 trillion by that time. 

Noting the big growth of the Turkish economy in the last 15 years, Yıldırım said the country’s GDP had gone from $230 billion in 2002 to up to $850 billion in 2016, while the GDP per capita had jumped to over $10,000 from $3,500 over the same period.

“As we are approaching the 100th anniversary of the republic, we aim to increase our gross domestic product to up to $2 trillion, and the income per capita to over $25,000 by 2023, and become one of the leading countries in the world. We do not have the slightest doubt about reaching our goals,” the premier said.

Yıldırım also commended Moldova on its economic growth, noting that it had grown by 4 percent in 2016 “despite the global recession.”

Noting that Moldova was the seventh largest importer of Turkish products, Yıldırım said the goal was to increase mutual trade volume to more than $1 billion in the medium term. 

Moldovan Prime Minister Pavel Filip recalled the free trade agreement signed between the two countries last year, as well as other investment agreements, saying these deals would further improve economic relations.

“It is important for us to develop cooperation between the two countries. Not just in terms of increasing the trade volume, but also in terms of sharing experience and know-how,” Filip said.

The Moldovan prime minister thanked the Turkish government for its help and support to Moldova, which he said “helps develop the economic situation,” and “provides significant support to our citizens.”