Azerbaijan Economy in the First Half of 2012

Azerbaijan Economy in the First Half of 2012 In spite of the fact that Government of Azerbaijan (GoA) has failed to achieve projected economic growth forecast for the first half of 2012, the State Statistic Committee reported 1,5 %  GDP Growth. Government of Azerbaijan projected 5,7  % growth for 2012.  GDP per capita was around $ 6,0 thousand (without PPP) in the first half of 2012. According to State Committee inflation rate was 2,2 % in this... Read More

IMF Adjusted its Economic Growth Forecast for Azerbaijan

IMF Adjusted its Economic Growth Forecast for Azerbaijan The International Monetary Fund (IMF) has adjusted its forecast for GDP Growth in Azerbaijan from 7, 1 %, to 5,7 %. It should be reminded here that IMF has early projected Azerbaijan’s economic growth at 7.1 percent in 2012 and at 2.3 percent in 2016. The IMF said the forecast is based on the fact the country`s 2012 budget is based on an average oil price of $80 per barrel, while an average... Read More