Azerbaijan Economy in the first nine months of 2011; Comparative Analysis

Azerbaijan Economy in the first nine months of 2011; Comparative  Analysis

According to State Statistic Committee of Azerbaijan Republic Growth Domestic Product (GDP) increased 4.1% compare with the same period of previous year since calculations done by Center for Economic and Social Development (CESD) indicated only 0,9  %  GDP growth in the same period.  Government sources announced that GDP growth in non-oil sector was 5.2% in the first half. Agricultural production growth in Azerbaijan was 7,6 % and population’s income increased by 11%, in the same period. Since CESD surveys prove that non-oil sector developed by 2,2 %, agriculture 3,0 % and income only 6,0. The main discrepancy is over unemployment rate in Azerbaijan.  State Statistic Committee of Azerbaijan Republic announced that unemployment rate in Azerbaijan is 5,5 % which is below than European Union average rate. CESD interviews, however, show that unemployment rate in the country is not less than 25,0 %.Download The Full article Here

 

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