Simsek: Turkey has risen to the medium-high income group

Turkish Finance Minister Mehmet Sahin stated that Turkey has tripled its domestic income in dollars in the last 10 years according to the World Bank criteria and currently ranks among the medium-high income groups; adding that the threshold for the high economic income group is 12,600 US Dollars, a figure Turkey aims to reach in the medium term. Sharing some economic indicators via his Twitter, Minister Simsek noted that the GNP has increased by 63% on 2003-2012 and per capita income on fixed prices has risen by 45%. Responding to the critics about the allegedly negative course of the Turkish economy, Mr. Simsek has said: "If the Turkish economy were in decline, then why would foreign investors seek chances to invest in our country? The number of the global companies operating in Turkey was only 5,000 while the current figure is 34,000."