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78% of industrial production belongs to mining sector in Azerbaijan - PHOTO

78% of industrial production belongs to mining sector in Azerbaijan - <font color=red>PHOTO</font>

23 April 2012 11:10 (UTC +04:00)

Baku. Nijat Mustafayev â€“ APA-Economics. Today, chairman of State Statistical Committee has held press conference on main macro economic performances of Azerbaijan for the first quarter of 2012.

According to APA-Economics, Valiyev noted that, in January-March, 2012, the GDP production rose 0.5% to AZN 123 bln: â€œAverage per head GDP made AZN 1,346.1 or $ 1,711.9. GDP production rose 7.7% in non-oil sector, in oil sector â€“ decreased by 4.7%â€.

He also noted that, AZN 9.4 bln output was produced in industrial spheres, down 0.3% from year earlier: â€œProduction in non-oil sector rose 16.5% and made 17.1% of industrial output, in oil sector â€“ decrease by 3.5%â€.

AZN 7.3 mln or 78.3% of industrial products were produced in mining sector, AZN 1.5 bln or 15.9% - in processing sector, AZN 493.4 mln or 5.3% - in sector of power energy, gas and steam production, distribution and supply, AZN 44 mln or 0.5% - in sector of water supply, regulation and processing of wastes.

About other macro economic performance of the country, Valiyev noted that, total production of agriculture rose 3.2%, as well plant growing products â€“ 46.4%, animal breeding product â€“ 3.2%.

At the same time, investing in main capital soared 16.5%, cargo transportation via transport â€“ 4.3%, passenger transportation â€“ 8.9%, communication services â€“ 8%, retail commodity circulation â€“ 9.3%, average income of per citizen â€“ 12.3%, populationâ€™s deposits in banks â€“ 37.8%.

He also noted that, as of end of 2012, the economic growth is expected to be 2.53%, inflation â€“ 3-4%.