Bank Of Baku

Center for Strategic Studies: Volume go GDP increased by 3 times, strategic currency reserves by 19 times during last 8 years in Azerbaijan

Center for Strategic Studies: Volume go GDP increased by 3 times, strategic currency reserves by 19 times during last 8 years in Azerbaijan
# 02 June 2011 11:44 (UTC +04:00)
“Compared to 2003, volume of GDP rose nominally 5.3 times, really – 2.7 times to AZN 4,653.3 in 2010. At the same time, unemployment level across the country decreased by 1.6 times, poverty level – 4.9 times. Exceeding of population’s incomes’ growth (4.5 times) the inflation (1.9 times) provided increase of income by 2.3 times really”, told the SAM.

Moreover, in 2005-2010, Azerbaijan achieved rapid progress in human development sphere, rose from 101st place to 67th. For average annual growth rate of this index during last 10 years the country exceeded not only the post soviet countries, but also China and India.
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