By 2023, Turkey plans to enter the world's top 10 largest economies, Turkish Prime Minister Recep Tayyip Erdogan said at the V Astana Economic Forum on Wednesday.
"We are confident in achieving these goals. In this regard, we place great emphasis on private sector development and in this respect in the process of privatisation of state property. We have achieved great success, eliminated all obstacles and taken stimulus measures which allowed us to further develop the private sector," Erdogan said.
Currently, Turkey has moved to a more sustainable economic development.
"How rapidly the Turkish economy and its stability are growing is confirmed by the fact that 10 years ago, Turkey's gross national income amounted to $230 billion, today the figure is $775 billion," the prime minister said. At the same time, per capita income rose from $500 to over $2400.
Foreign exchange reserves of the Central Bank of Turkey today amount to $93 billion, while nine years ago, their volume was $27 billion. If at that time inflation was over 30 per cent, today it's 10.5 per cent and next month there is an expected reduction to a single-digit level, Erdogan said.
"Ten years ago, the country's public external debt reached 74 per cent of the GDP, while today the figure has also significantly decreased which allows an increase in employment, production, trade and on a background of increasing confidence in Turkey," Erdogan said.