Bank Of Baku

Azerbaijan will outperform the CIS states by economic growth rate

Azerbaijan will outperform the CIS states by economic growth rate
# 24 September 2008 13:05 (UTC +04:00)
According to the predictions for 2009, GDP growth rate will be 15% in Azerbaijan, followed by Belarus (9-10%) and Georgia (8-9%).





Country

GDP growth
(2009, %)

Azerbaijan

15

Belarus

9-10

Georgia

8-9

Armenia

8

Russia

7

Tajikistan

7

Uzbekistan

7

Kyrgyzstan

6,5

Kazakhstan

6

Moldova

6

Ukraine

5,5



Azerbaijan also tops the GDP growth outlook list for 2008.

Country

GDP growth
 (2008, %)

Azerbaijan

16-18

Belarus

10

Armenia

10

Georgia

8-9

Uzbekistan

8-9

Russia

7,5-8

Kyrgyzstan

7

Ukraine

6-6,5

Moldova

6-6,5

Tajikistan

5-6

Kazakhstan

5



Azerbaijan posted GDP growth rate at 13.2% for January-August. Compared to the same period last year, GDP grew by 2.4 billion to $25.9 billion.


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