Azerbaijan Economy in the First Four Months of 2012

Azerbaijan Economy in the First Four Months of 2012 Government of Azerbaijan (GoA) has failed to achieve projected economic growth forecast for the first four month of 2012. According to the State Statistic Committee Gross Domestic Product  (GDP) increased only by 0.3 % and 16,6  billion manat ($ 21,3 billion) GDP generated in this period although th GoA projected 5,7  % growth for this year.  GDP per capita was $ 6,0 thousand in the first four... Read More

Oil boom and resource curse

Oil boom and resource curse European Stability Initiative (ESI) has recently produced “Oil boom and resource curse” research report where CESD reports extensively used. The report addressed certain economic issues particularly developments and problems in oil sector, mainly how oil money spent in Azerbaijan. The full report is available here.    Read More

Azerbaijan GDP in the first 2 months of 2012

Azerbaijan GDP in the first 2 months of 2012 Azerbaijan produced AZN 8 bln-GDP, in January-February, 2012, up 0.5% from year earlier. State Statistical Committee says, during the reporting period, GDP in the non-oil sector grew by 7.1% to 42.6%, while GDP in the oil and gas sector declined by 4.5%.  In this case, 60.5% of GDP have fallen to the share of industry, 2.5% – agriculture, hunting and forestry (an increase of 2.8%), 5% – transport... Read More

Did foreign trade turnover exceed GDP in Azerbaijan?

Did foreign trade turnover exceed GDP in Azerbaijan? CESD confirms that Official State Statistics Committee Figures Contradict Reality According to Khalid Mikayilov , an economic expert at the Center for Economic and Social Development (CESD), the State Statistics Committee’s data on foreign trade turnover contradicts that of the Central Bank of Azerbaijan and belies economic reality. Basic economic principles and real-world experience demonstrate... Read More

Azerbaijan Economy in 2011

Azerbaijan Economy in 2011 Government of Azerbaijan (GoA) failed to achieve economic growth forecast for 2011. According to the State Statistic Committee Gross Domestic Product  (GDP) increased by 0.1 % and reached to 50.10 billion manat ($ 64,23 billion) in 2011 although th GoA projected 3,8 % growth for last year.  The State Committee reported that GDP per capita without PPP was 5530.6 manat ($ 7003, 4) in 2011.  According to State Committee... Read More

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