Oil GDP decreased by 3.4 % in Azerbaijan

Oil GDP decreased by 3.4 % in Azerbaijan Total GDP increased by 2.2 % thanks to non-oil growth Growth Domestic Production (GDP) reached 53.7 billion manat ($ 68.9 billion US) in the first eleven months of 2014 in Azerbaijan- State Statistics Committee reports. GDP increased by 2.2% compared to the same period of previous year. GDP per capita was 5710.7 manat ( 7 281.3 US dollars) in the indicated period. Non-oil sector increased by 6.5% compared to... Read More

Azerbaijan Economy in the First Ten Months of 2014; Brief Overview

Azerbaijan Economy in the First Ten Months of 2014; Brief Overview CESD- Center for Economic and Social Development concluded its macro-economic survey results for the first ten months of year on November, 15, 2014. Both independent and official reports show that oil GDP continued declining in the reporting period. According to the State Statistic Committee of Azerbaijan, oil GDP decreased 1.8 % in the first ten months of 2014 since CESD calculations... Read More

Decline in Azerbaijan’s Industrial Production Linked to Downward Trend in its Oil Sector

Decline in Azerbaijan’s Industrial Production Linked to Downward Trend in its Oil Sector Azerbaijan industrial production dropped to 3,0 billion manat ($ 3,84 billion) in January 2013, according to data released by the State Statistic Committee of Azerbaijan. Compared to this time last year, industrial production has declined 2,0%, down from 3,06 billion manat ($ 3,92 billion) in industrial products registered in January 2012. According to the State... Read More

Dramatic Decreasing in Azerbaijan Industry

Dramatic Decreasing in Azerbaijan Industry Industrial production fall 3,3 % and oil sector down 5,4 % 23.0 billion manat products were produced in industrial sector of Azerbaijan in the first 8 months of 2012. Industrial production decreased by 3,3 % in this period compare the same stage in 2011. Meanwhile, the State Statistical Committee reports that production in non-oil sector grew by 7.9%, while production in oil sector dropped 5.4%. GDP increased... Read More