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Azerbaijan sees growth in balance of current operations account / GDP ratio

Azerbaijan sees growth in balance of current operations account / GDP ratio

20 June 2011 11:16 (UTC +04:00)

According to APA-Economicsâ€™ calculations, this index rose 4.1 percentage points compared to a year earlier. For comparison note that, this index was 28.9%, according to outcomes of 2010.

This was caused by large positive balance of trade balance. In turn, the reason of this was exceeding of export on oil-gas sector the import, many times. So that, the export on oil-gas sector made $ 8.2 bln, import - $ 2 bln, during the first quarter.

Note that, IMF forecasts the balance of current operations account/GDP ratio as 28.4% in 2011.

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