Bank Of Baku

Azerbaijan explains 5 years forecasts on economic development

Azerbaijan explains 5 years forecasts on economic development
# 07 October 2010 13:17 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. The prices and volume of GDP for 2011 are forecasted to be AZN 37.862 bln, in Azerbaijan. The Cabinet of Minister says that the economic development rate is expected to be 3.8% next year.

(mln. AZN)

Index

2009 (fact)

2010

2011

2012

2013

2014

GDP

34 578.7

37 862

40 197.3

43 861.4

47 566.7

53 147.6

Growth rate

9.3%

5.8%

3.8%

6.4%

5.4%

9.2%

Share of private sector

81.2%

81.8%

82.3%

82.7%

83.1%

84.4%

Oil Sector
GDP

16 257.3

17 025.5

16 972.5

17 585.9

17 980.8

20 146.3

Growth rate

14.3%

3%

-0.3%

3.6%

2.2%

12%

Non-oil sector.
GDP

15 683.2

17 932.6

19 983.7

22 600.4

25 438.2

28 371.4

Growth rate

3.2%

8.3%

7.2%

8.5%

7.7%

7.6%

Net taxes to products and import

2 638.2

2 903.9

3 241.1

3 675.1

4 147.7

4 629.9



The share of oil sector in GDP will reduce gradually from 45% to 37.9% in 2014.
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