Economic growth rate falls 1.3% in Azerbaijan

Economic growth rate falls 1.3% in Azerbaijan
# 14 September 2012 13:47 (UTC +04:00)
Baku. Vahab Rzayev – APA-ECONOMICS. In January-August, 2012, GDP production rose AZN 434.7 mln to AZN 35.1 bln.

State Statistical Committee says 67.3% of GDP was production, 51.9% - industry, 9.6% - construction complex, 5.8% - agriculture. Share of services in value made 26.5%, as well as in transport – 4.8%, trade and payable services – 8.2%, communication – 1.7%, social and other services – 11.8%. 6.2% of GDP fell on share of net taxes for product and import.

The value added production in non-oil sector rose 10.7%, in oil-gas sector – decreased by 6.8% in comparison to a year earlier.

Per head GDP made AZN 3,838.4 or $ 4,883.4.

Note that, according to government’s forecasts, the GDP will increase by 4.6% to $59.3 bln. Per head GDP will make over $6,000.
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