Per capita income
Bulgaria Joins High-Income Nations for the First Time, Says World Bank
For the first time, Bulgaria has been classified among the countries with high national income according to the World Bank's classification, as reported by bTV. The World Bank Group categorizes the world's economies into four income groups: low, lower-middle, upper-middle, and high.
IMF releases analysis of W. Balkans public infrastructure
WASHINGTON - A regionally coordinated public infrastructure push, coupled with better management of actual projects, could significantly increase per capita income in the Western Balkans, the European Department of the International Monetary Fund said in its latest report.
Purchasing power packs little punch in Greece
After seven years of financial crisis, domestic devaluation and tax hikes, Greece ranks 22nd among 42 European countries in terms of residents' purchasing power, according to a continent-wide survey by GfK market researchers.
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Turkey's national income per capita to decrease below $10,000
Turkey's national income per capita has been forecasted to decrease below $10,000 for the next two years, projected to lower to $9,286 in 2015 and $9,364 in 2016 on the dollar-basis rather than purchasing power in the government's new medium-term economic program.
The national income per capita was $10,390 in 2014.
Calculation maneuvers in national income
The government is now obliged to include official figures and also deterioration that has been ongoing in the economy for a while. Serious revisions have been made in the Medium Term Program (OVP) targets released on the weekend.
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Turkey's national income per capita rises upon new formula
The Turkish government has revised its national income per capita from U.S. dollar terms into income based on purchasing power parity amid a dramatic loss in the Turkish Lira?s value against the dollar in its new Medium-Term Economic Program, which was published in the Official Gazette on Oct. 11.