Bank Of Baku

Share of processing industry in GDP decreases in Azerbaijan

Share of processing industry in GDP decreases in Azerbaijan
# 22 December 2011 12:47 (UTC +04:00)
According to APA-Economics’ calculations based on State Statistical Committee’s information, this index was 12.6% in 2010.

As it seems the share of processing industry in GDP decreases and at the same time, in mining sector – increases. So, the share of mining industry in GDP made 53.5% in 2011, while it was 50% in 2010.

Note that, according to norms in world practice, share of processing industry in GDP in diversified economy has to remain at minimum 20%.

Decrease of share of processing industry in GDP is related to structural reforms in economy.
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