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Economic growth in Azerbaijan to make up 1.5% next year

According to the concept of socio-economic development and the forecast figures of Azerbaijan for 2018 and next three years, the GDP will increase 1.5% to AZN 69.4 billion in 2018.

According to drafts of state and consolidated budgets for 2018, the GDP will increase 2.9% in non-oil sector to AZN 47.6 billion. Share of private sector in GDP will make up 83%.

 

Total investments to be made in fixed capital are forecasted at AZN 15.9 billion, of which 51.5% will make up domestic, 48.5% foreign.

 

In the structure of investments, AZN 9.5 billion is planned to be made in non-oil sector, AZN 6.4 billion in oil sector. Non-state investments will amount to AZN 9.1 billion, state investments to AZN 6.8 billion.

 

Average monthly salary is expected to increase 0.5% to AZN 549.7 in 2018. 

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