Azerbaijani Nominal GDP Declined by 18.0 %

Azerbaijani Nominal GDP Declined by 18.0 % Azerbaijan’s nominal GDP in the first month of 2015 fell by 30.6% against December 2014 and by 17.9% against January 2014. The State Statistics Committee reports that in January 2015 Azerbaijan’s GDP totaled AZN 3.631 billion ($ 4.629 billion) that in comparable prices is by 4.4% more than GDP for January 2014 (AZN 4.423 billion), that is nominal GDP fell by 17.9%. The real non-oil GDP grew by 5.5%... Read More