Oil GDP decreased by 3.4 % in Azerbaijan

Oil GDP decreased by 3.4 % in Azerbaijan Total GDP increased by 2.2 % thanks to non-oil growth Growth Domestic Production (GDP) reached 53.7 billion manat ($ 68.9 billion US) in the first eleven months of 2014 in Azerbaijan- State Statistics Committee reports. GDP increased by 2.2% compared to the same period of previous year. GDP per capita was 5710.7 manat ( 7 281.3 US dollars) in the indicated period. Non-oil sector increased by 6.5% compared to... 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 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