Forecasts on main macro economic performances for 2015 made public in Azerbaijan

Forecasts on main macro economic performances for 2015 made public in Azerbaijan
# 11 October 2011 14:31 (UTC +04:00)
According to forecasts made by Economic Development Ministry, GFDP growth rate will make 5.1% (AZN 46.8 bln) in 2013, 7.7% (AZN 52 bln) in 2014 and 6.5% (AZN 52 bln) in 2015.

Share of private sector in GDP will make 83.1% next year, 84.6% - in 0213, 86% - in 2014 and 86.6% - in 2015.

At the same time, real growth rate in oil sector is forecasted to be 1.5% (AZN 14.7 bln) in 2012, 0.2% (AZN 14.8 bln) in 2013, 7.1% (AZN 16.2 bln) in 2014 and 2.8% (AZN 16.6 bln) in 2015.

Non-oil sector growth rate is expected to be 8.6% (AZN 24.9) in 2012, 7.7% (AZN 27.8 bln) in 2013, 8.1% (AZN 31.1 bln) in 2014 and 8.3% (AZN 34.7 bln) in 2015.

At the same time, per head GDP will increase by 4.4% to AZN 4,743.5 ($ 6,004.4) in 2012, by 3.8% to AZN 5,047.2 ($ 6,388.8) in 2013, by 6.4% to AZN 5,543 ($7,016.4) in 2014 and by 5.3% to AZN 5,963.1 ($7,548.3) in 2015.

Note that, economic growth rate is expected to be 0.9%, GDP – AZN 42.4 bln in 2011. Share of private sector is forecasted to be 81.9%, reduction rate in oil sector – 8.7% (AZN 16.7 bln), real growth rate in non-oil sector – 10% (AZN 22.2 bln), per head GDP to decrease by 0.4% to AZN 4,686.6 ($ 5,932.3).
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