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GDP per capita increases by 15% in Azerbaijan

06 August 2008 09:28 (UTC +04:00)

Baku. Nicjat Mustafayev â€“ APA-Economics. Gross domestic product (GDP) grew by 16.5% in Azerbaijan in the first six months of 2008 compared with the reporting period of 2007, Minister of Finance Samir Sharifov said at Azerbaijani Governmentâ€™s meeting on the outcomes of the first six months of 2008, APA-Economics reports. Sharifov said GDP per capita had grown by 15.2% and reached AZN 2,169 or $2,600.
â€œThe economy develops owing to the rapid development of oil sector and non-oil spheres. 15.6% increase was recorded in non-oil spheres in the first six months of this yearâ€, he said.
The minister said that 13.8% growth was recorded in industrial spheres of the country, 10.7% in agrarian sector.
As regards services, Samir Sharifov underlined that transportation increased by 13.2%, communication services by 37.3% and paid services by 29.5%.