Economic growth in Azerbaijan to make 3.3% by year-end

Economic growth in Azerbaijan to make 3.3% by year-end
# 15 September 2015 08:43 (UTC +04:00)

Baku. Musa Ahmadov - APA-Economics. According to macroeconomic forecasts made by Ministry of Economy and Industry, the GDP will make AZN 57.2 bln as at end of 2015, which is 3.3%-growth, down AZN 3.9 bln or 1.1 percentage points from previous forecast.

According to Finance Ministry, though the GDP on oil sector will 0.6% less (initial forecast – 1.6%), GDP growth in non-oil sector is expected to make 5.9% (8.5%).

Total investments to be directed to fixed capital by the end of 2015 will be AZN 19.7 bln. AZN 7.8 bln of these investments will be directed to oil sector, AZN 11.9 bln to non-oil sector.

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