The Azerbaijani economy in the first nine months of 2019: Brief Overview

The Azerbaijani economy in the first nine months of 2019: Brief Overview CESD – the Center for Economic and Social Development – concluded its macro-economic survey results for the first nine months of 2019. According to the State Statistic Committee of Azerbaijan, Gross Domestic Product (GDP) increased by 2.5 % in January-September 2019 compared with the same period of previous year: The CESD’s figure for the same period was 2.0 %. Download... Read More

2020 State Budget of Azerbaijan: Brief Independent Review

2020 State Budget of Azerbaijan: Brief Independent Review The Ministry of Finance of the Republic of Azerbaijan presented the draft of the 2020 State Budget. According to the document, the growth rate of the Gross Domestic Product (GDP) in Azerbaijan is expected to decline by 2020. The draft State Budget takes the expected cost per barrel in 2020 as US $55. Despite the fact that it is US $5 less than the previous year’s price, it doesn’t fully... Read More

Alternative inflation rate in Azerbaijan announced

Alternative inflation rate in Azerbaijan announced Center for Economic and Social Development (CESD) concluded its macro-economic survey results for the first half of 2019. The center has conducted a price calculation survey in 50 districts of Azerbaijan, as well as in Baku, the capital city of the country. CESD uses the same basket and methodology which is officially applied by the State Statistics Committee of Azerbaijan. According to the CESD’s... Read More

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

Azerbaijan Economy in the First Seven Months of 2016; Brief Overview CESD- Center for Economic and Social Development concluded its macro-economic survey results for the first seven 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 3.0 % in the first seven months in 2016 since CESD calculations found out 3.7 % decline... Read More

CESD’s independent inflation rate was announced

CESD’s independent inflation rate was announced CESD- Center for Economic and Social Development concluded its macro-economic survey results including price collection for the April in 2016. According to the CESD price collection survey which covers the capital city and selected districts in rural Azerbaijan, annual inflation was 15.3 % in April 2016. Monthly inflation in April was 1.1 % compared to the previous month. Meanwhile, the State Statistics... Read More