Azerbaijan Economy in The First Five Months in 2013; Brief Overview

Azerbaijan Economy in The First Five Months in 2013; Brief Overview CESD- Center for Economic and Social Development concluded its macro-economic survey results for the first four months of year on June, 17, 2013. Meanwhile, State Statistic Committee reported that oil output in Azerbaijan declined by 3,0 % in the first five months of 2013 compared with the same period in 2012. Azerbaijan’s oil production was 18.1million tons in this period according... Read More

Economic growth rate was 0.7% in Azerbaijan

Economic growth rate was 0.7% in Azerbaijan In January-May, 2012, GDP production rose 0.7% to AZN 20.9 bln. State Statistical Committee says 67.9% of GDP was production, 25.9% – service spheres, 6.2% – net taxes for product and import, APAreports. The production in non-oil sector rose 10.5%, in oil-gas sector – decreased by 6.5% in comparison to a year earlier. GDP per capita made AZN 2,281.5 or $ 2,901.9. Note that, according... Read More