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

Has GDP Increased in Azerbaijan?

Has GDP Increased in Azerbaijan? Gross Domestic Product (GDP) was 7.1 billion manat in the first 2 months of 2015. According to the State Statistics Committee of Azerbaijan, GDP increased by 4.2% compared to the same period of previous year. However, the committee have not reported how GDP growth was calculated. The point is that GDP was 8.5 billion manat in the first 2 months of 2014 (Fore reference see, the committee’s 2014 report: http://www.stat.gov.az/rss/az/view.php?newsid=2194... Read More

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