Bank Of Baku

Economic development in Azerbaijan makes 0.8% in January

Economic development in Azerbaijan makes 0.8% in January
# 14 February 2011 15:33 (UTC +04:00)
63.2% of added value was produced in production areas, 29.7% in service spheres. 7.1% came from net taxes from production and import. Average per head GDP made AZN 382.7 ($ 479.9), up 5.8% from year ago.

41% of added value was produced in non-oil sector and rose 6.6% compared to a year ago.

Note that, according to Azerbaijan’s forecasts the economy will increase by 3.8%. IMF forecasts that GDP growth rate in Azerbaijan will be 1.8%, ADB forecasts as 3.5%.
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