Turkish President Recep Tayyip Erdogan said that the successive Justice and Development Party governments that have ruled the country since 2002 have elevated Turkey to the ranks of trillion-dollar economies.
This came in a speech he delivered on Sunday during his participation in the eighth annual conference of the Justice and Development Party in Ankara.
He said in this regard: “We have increased our national income in dollars by 6 times by enhancing investment, production and exports and elevated Turkey to the ranks of trillion-dollar economies.”
He explained that per capita income in Turkey rose to $13,243 by the end of 2023, and that this number will exceed $15,000 when the 2024 data is announced.
He added that inflation is expected to continue to decline and thus purchasing power will increase, and 85 million people will witness the positive impact of this.
He pointed out that the reserves of the Turkish Central Bank exceeded $173 billion and reached the highest level in the history of the Republic, and pointed out that Turkey is on the verge of a major economic leap.
And that developments in the region are likely to pave the way and accelerate the pace of this leap. He also mentioned that Turkey has become the first in the world in the production of drones, and ranked 11th in defense industry exports.
