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Economic growth in Azerbaijan makes 1.4% in January-February - UPDATED

Economic growth in Azerbaijan makes 1.4% in January-February - <font color=red>UPDATED</font>

14 March 2011 12:35 (UTC +04:00)

State Statistical Committee says AZN 745.8 â€“ per head value added was produced during the same period, up 0.2% compared to a year ago.

Value added in non-oil sector spheres of economy rose 3.8% to AZN 2.7 bln or 40.9% of total GDP.

51.5% of GDP was oil-gas production and processing sphere, 7.6% - net taxes to products and import.

Value added in transport and storehouse economy services rose 15.5%, in information and communication services â€“ 20.9%.

Note that, according to forecasts of Azerbaijani government countryâ€™s economy is expected to rise 3.8% in 2011. IMF forecasts GDP growth rate in Azerbaijan as 1.8%, EBRD and ADB â€“ as 3.5% in 2011.

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