EBRD forecasts economic downturn in Azerbaijan in 2017

EBRD forecasts economic downturn in Azerbaijan in 2017 Full report is available The European Bank for Reconstruction & Development (EBRD), which published today the Regional Economic Prospects, has reported that in 2017 economic decline in its operations region will be only in Azerbaijan and Belarus. According to the EBRD, this year Azerbaijan’s GDP will decrease by 0.5%, but in 2018 will increase by 2%. At that, in 2017 the EBRD increased... Read More

Azerbaijan Economy in the first quarter of 2017; Brief Overview

Azerbaijan Economy in the first quarter of 2017; Brief Overview CESD- Center for Economic and Social Development concluded its macro-economic survey results for the first quarter of 2017. Both independent and official reports show that GDP decreased in the reporting period. According to the State Statistic Committee of Azerbaijan, GDP decreased by 0.9 % in the first quarter of 2017 compared with the period of 2016 since CESD calculations found out... Read More

Azerbaijan Economy in 2016; Brief Overview

Azerbaijan Economy in of 2016; Brief Overview CESD- Center for Economic and Social Development concluded its macro-economic survey results for 2016. Both independent and official reports show that GDP continued declining in the reporting period. According to the State Statistic Committee of Azerbaijan, GDP decreased 3.8 % in 2016 since CESD calculations found out 4.4 % decline in the economy. According to the State Statistic Committee reports, the... Read More

Azerbaijan Economy in the First Eleven Months of 2016; Brief Overview

Azerbaijan Economy in the First Eleven Months of 2016; Brief Overview CESD- Center for Economic and Social Development concluded its macro-economic survey results for the first eleven months in 2016. Both independent and official reports show that GDP continued declining in the reporting period. According to the State Statistic Committee of Azerbaijan, GDP decreased 3.9 % in the first eleven months in 2016 since CESD calculations found out 4.4 % decline... Read More

Azerbaijan Economy in the First Ten Months of 2016; Brief Overview

Azerbaijan Economy in the First Ten Months of 2016; Brief Overview CESD- Center for Economic and Social Development concluded its macro-economic survey results for the first ten months in 2016. Both independent and official reports show that GDP continued declining in the reporting period. According to the State Statistic Committee of Azerbaijan, GDP decreased 3.7 % in the first ten months in 2016 since CESD calculations found out 4.1 % decline in... Read More

Azerbaijan Economy in the First Nine Months of 2016; Brief Overview

Azerbaijan Economy in the First Nine Months of 2016; Brief Overview CESD- Center for Economic and Social Development concluded its macro-economic survey results for the first nine months in 2016. Both independent and official reports show that GDP continued declining in the reporting period. According to the State Statistic Committee of Azerbaijan, GDP decreased 3.9 % in the first nine months in 2016 since CESD calculations found out 4.3 % decline... Read More

Another big decline in GDP

Another big decline in GDP Azerbaijani GDP declined by 3.9 % in the first nine months of 2016. According to the State Statistics Committee of Azerbaijan, GDP made 43.436 billion manat ($ 22.861 billion US) in the indicated period. GDP per capita for the first nine months of 2016 was 4. 512 thousand manat ($ 2.837 thousand US). The State Committee has reported that 65.7% of GDP was formed in non-oil sectors, 34.3% in oil and gas sector. The value added... Read More

Azerbaijan Economy in the First Eight Months of 2016; Brief Overview

Azerbaijan Economy in the First Eight Months of 2016; Brief Overview CESD- Center for Economic and Social Development concluded its macro-economic survey results for the first eight months in 2016. Both independent and official reports show that GDP continued declining in the reporting period. According to the State Statistic Committee of Azerbaijan, GDP decreased 3.1 % in the first eight months in 2016 since CESD calculations found out 3.9 % decline... Read More

Azerbaijan Economy in the First Four Months in 2016; Brief Overview

Azerbaijan Economy in the First Four Months in 2016; Brief Overview CESD- Center for Economic and Social Development concluded its macro-economic survey results for the first four months in 2016. Both independent and official reports show that GDP continued declining in the reporting period. According to the State Statistic Committee of Azerbaijan, GDP decreased 4.5 % in the first quarter in 2016 since CESD calculations found out 5.3 % decline in... Read More

CESD Research Paper: The Economy of Azerbaijan in 2015: Independent View

CESD Research Paper: The Economy of Azerbaijan in 2015: Independent View In 2015, the expansion of the US economy accompanied with improved employment rates led the FED to switch to contractionary monetary policy. On the other hand, the second largest economic power-China encountered a lower long-term economic growth rate with a fall in exports, and thereby adversely affecting global economic activity. Moreover, the rapid decline of prices in global... Read More

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