Economic growth rate was 0.7% in Azerbaijan

Economic growth rate was 0.7% in Azerbaijan

In January-May, 2012, GDP production rose 0.7% to AZN 20.9 bln.

State Statistical Committee says 67.9% of GDP was production, 25.9% – service spheres, 6.2% – net taxes for product and import, APAreports. The production in non-oil sector rose 10.5%, in oil-gas sector – decreased by 6.5% in comparison to a year earlier.

GDP per capita made AZN 2,281.5 or $ 2,901.9. Note that, according to government’s forecasts, the GDP will increase by 4.6% to $59.3 bln. GDP per capita will make over $6,000.

 

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