A 9.4 percent decrease in Turkey's gross national product (GDP) accompanied by rapid population growth resulted in a 28 percent drop in the national income per capita in 2001. While in 2000, Turkey's national income per capita stood at $2,995, the figure dropped to $2,160 last year, according to recently released World Bank figures.
According to World Bank classifications, states whose national income per capita falls between $756 and $2,995 are categorized as Low Middle-Income countries. Turkey’s status therefore dropped from the category of High Middle Income to Low Middle Income in 2001. Iran, Iraq, Syria, Egypt and Bulgaria are also hold Low Middle Income status.
Turkey joined the World Bank in 1947. The bank’s strategy for fiscal years 2001-2003 was designed to support Turkey’s structural reforms and maintain support for long-term development, with five billion dollars in financial support. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
