Is nonoil sector reached 47% in GDP?

Is nonoil sector reached 47% in GDP?

GDP increased in 2011 and a 9.5% growth was achieved in nonoil sector.

According to sources in the Ministry of Economic Development, the statement came from Economic Development Minister Shahin Mustafayev, Gun.Az reports.

He was speaking at the collegiate sitting on by results of the year.

He said the nonoil share in GDP reached 47.3% in 2011.

In the same year, foreign investors showed greater attention to Azerbaijani economy. It was no accident that in 11 months of 2011 investment into major capital made AZN 19bn, of which nonoil share made 73.6%.

The sitting also ratified the 2012 Action Plan for the Colleagium of the Economic Development Ministry.



Leave A Comment