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Azerbaijan leads the CIS countries in GDP growth

Azerbaijan leads the CIS countries in GDP growth

06 February 2009 07:28 (UTC +04:00)

For the fastest GDP growth, Azerbaijan is followed by Belarus and Uzbekistan.
Ukraine rounds out the list which doesnâ€™t include Turkmenistan.

Country	GDP growth rate
Azerbaijan	10,8%
Belarus	10,0%
Uzbekistan	9,4%
Tajikistan	7,9%
Kyrgyzstan	7,6%
Moldova	7,6% *
Armenia	6,8%
Russia	5,6%
Georgia	4,0% *
Kazakhstan	2,4%
Ukraine	2,1%

* Data as of January-September 2008

The top body said several countries in the CIS area, including Russia, Ukraine and Kazakhstan were more effected by the world financial crisis because of their relatively higher integration with the global economic than their peers.
Besides, the drop in prices of oil and other commodities also hit the region.

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