Azerbaijan ranks second for economic growth rate in CIS area

Azerbaijan ranks second for economic growth rate in CIS area
# 18 August 2009 15:04 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. Azerbaijan ranked the second among the CIS states for GDP growth rate for the first half, said the CIS Statistical Committee.

According to the top body, Azerbaijan is second to Uzbekistan in terms of economic growth in January-June.
5 of 11 countries which released figures saw growth in GDP. Ukraine and Armenia are most hit by the recession.

Country

GDM trend
(January-June, 2009)

Uzbekistan

108,2%

Azerbaijan

103,6%

Tajikistan

102,8%

Belarus

100,3%

Kyrgyzstan

100,3%

Kazakhstan

95,9%

Georgia

94,1%

Moldova

93,1%

Russia

86,6%

Armneia

83,7%

Ukraine

79,7%

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