Azerbaijan Economy in 2011

2021-12-07 11:13:00    CESD

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 inflation rate was 7,9 % in 2011 which officially projected only 5,0 %.

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