USD 1.7

Baku 24 °C

AZ RU EN FA FR

Dark mode

POLITICS

NEWS

World

Economics

Sport

Culture news

Analysis

Blogs

Company

TOP 10

© 2004 - 2026 All copyright are reserved.

Finance

Home page

Azerbaijanâ€™s economic growth rate declined 2.5 times while inflation rose 5.4%

Azerbaijanâ€™s economic growth rate declined 2.5 times while inflation rose 5.4%

17 September 2008 14:21 (UTC +04:00)

This is not a good performance compared to the same period last year when GDP growth rate was 32.5%.
The top body said industrial production reached AZN 20.479.8 million with an annual growth rate of 9.6%, compared to 32.7% last year.
Production in agriculture, hunting and forestry rose 8.5% to AZN 2 370.8 million, the rise was 10.6% in cargo transportation to 119.3 million tons, communications services grew 31.7% to AZN 581.5 million and retail turnover increased 15.3% to AZN 6 781.2 million.
Besides, the amount of paid services consumed by population increased 29.6% to AZN 2 027.7 million. Income earned by population went up 35.4% to AZN 12.709.5 million and per capita income jumped 33.8% to AZN 1 488.1.
Consumer Price Index (inflation) went up 21.3% in the country, up 5.4% from a year earlier.

Finance

Iran says card-based banking hit by cyberattack on three lenders

Iran says card-based banking hit by cyberattack on three lenders

EBRD allocates €230 million for development of the Trans-Caspian Corridor

EBRD allocates €230 million for development of the Trans-Caspian Corridor

Central Bank to announce next decision on interest rate

Central Bank to announce next decision on interest rate

2026 IsDB Group Annual Meetings conclude with $6 billion in financing agreements

2026 IsDB Group Annual Meetings conclude with $6 billion in financing agreements

ATTENTION!

Dear user for receiving paid news sign up

Sign up

ATTENTION!

Dear user for receiving paid videos sign up

Sign up

ATTENTION!

Dear user for receiving paid photos sign up

Sign up

THE OPERATION IS BEING PERFORMED