Bank Of Baku

Industrial output up 7.4% in Azerbaijan

Industrial output up 7.4% in Azerbaijan
# 16 November 2009 08:21 (UTC +04:00)
Baku. Rashad Suleymanov – APA-Economics. Azerbaijan’s industrial output and services stood at AZN 17.7 billion for January-October, up 7.4% from a year ago, said the country’s top body.

Industrial output accounted for 49.9% of GDP in the country.

Goods accounted for 92.7% of the industrial output, leaving 7.3% to industrial services.

The State Statistical Committee said there was a 12.1% rise in oil production (to 42.3 million tons) and a 2.8% increase in gas for sale (to 13.5 billion cubic meters).

The decline was 7% in processing industry and 8.8% in distribution of electricity, gas and water.


The share of the private sector in the industrial production was 80%.
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