Income per capita target in Turkey
According to a recent report by the State Planning Organisation (SPO) on general economic targets and investments in 2003, this year a growth of 0.5% in agriculture, 5.6% in industry and 5.9% in services is expected. The total predicted GNP growth rate for 2003 is mentioned as 5% while the estimated rate for GDP is 5.1%. It is indicated that, agriculture will form the 12.8%, industry 29.2% and services 58% of this growth. As per plans and predictions, the GNP figure for the year is determined at $200.3 billion and income per capita at $2'826.-. Accordingly, for the year 2003, 24.4% is targeted for GNP deflator, 25.2% for average annual wholesale price index and 24.7% for consumer price index while year-end WPI target is fixed as 17.4% and CPI 20%. Total funds calculated for 2003 amount to approximately $208.7 billion, including $200.3 billion GNP together with $8.4billion foreign funds. A total of $36.3 billion fixed capital investment is planned $10.8 billion of which being for the public and remaining $25.5 billion being for the private sector. According to forecasts, the total investments are expected to amount to $40.9billion, including the stock exchange of $ 4.55 billion. On the other hand the targeted overall consumption is calculated to be around $167.8 billion in 2003.