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Azerbaijan sees 1.2% decline in economy


In January-April 2017, the Gross Domestic Product (GDP) made up AZN 20,139,800,000, down 1.2% from previous year, said a statement from the State Statistical Committee.

 

The decline was caused by decrease in production and processing of oil.

 

At the same time, 44.6% of the value added was formed in industry, 11% in trade and repair of transport facilities, 7.3% in transport and storehouse, 8.2% in construction, 3% in agriculture, forestry and fishery, 2.9% in tourist accommodation and catering, 1.7% in information and communication and 14% in other spheres.

 

Net taxes to product and import made up 7.3% of GDP. The per head GDP amounted to AZN 2,075.5.

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