Bank Of Baku

Azerbaijan ranks second for economic growth rate in CIS area

Azerbaijan ranks second for economic growth rate in CIS area
# 07 May 2009 14:04 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. Azerbaijan ranked the second among the CIS states for GDP growth rate for the first quarter, said the CIS Statistical Committee.

According to the top body, Azerbaijan enjoyed a 4.1% growth rate in GDP during January-March.

3 of 8 countries which released figures saw a decline in GDP.

Country

GDP growth rate
(first quarter 2008)

Uzbekistan

107,9%

Azerbaijan

104,1%

Tajikistan

103,5%

Belarus

101,1%

Kyrgyzstan

100,2%

Kazakhstan

95,5%

Armenia

93,9%

Russia

87,7%

Moldova

107,2%*

Ukraine

102,1%*

Georgia

102,1%*


* 2008 figure compared to 2007

Uzbekistan is the only CIS country to post growth in industrial production.

Country

Industrial production
(first quarter 2008)

Uzbekistan

109,9%

Azerbaijan

97,8%

Belarus

95,5%

Kazakhstan

95,4%

Tajikistan

91,8%

Armenia

90,5%

Russia

85,7%

Kyrgyzstan

80,5%

Moldova

75,8%

Ukraine

68,1%


Turkmenistan didn’t release any figure, Georgia didn’t release figures for industrial production.
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