Azerbaijan Economy in The First 7 Months of 2013; Brief Overview

Azerbaijan Economy in The First 7 Months of 2013; Brief Overview

CESD- Center for Economic and Social Development concluded its macro-economic survey results for the first 7 months of the year on August, 16, 2013. According to CESD survey, GDP Growth was 3, 8 % in the first seven months of 2013 meanwhile, the center’s price calculation results reached 3,17 % inflation rate in the same period.

State Statistics Committee of Azerbaijan, however, reported 5,0 % growth in the seven months of 2013 since official inflation rate was 2,1 %. According to the state reports, oil production is in stabilization phase in Azerbaijan, now as the committee reported only 0, 3 % decline in oil GDP.

Full Report is Available Here

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