Bank Of Baku

Azerbaijan posts a 2.6% year-on-year drop in GDP for January

Azerbaijan posts a 2.6% year-on-year drop in GDP for January
# 19 February 2009 08:09 (UTC +04:00)
The State Statistical Committee said GDP per capital reached AZN 215.9 ($268.9) in this month.
The top body said GDP came most from production.
Net tax on products and imports accounted for 10% of GDP.


The drop in Azerbaijan’s GDP comes for the first time in recent years after oil prices halved and there were many non-business days in January.
Besides, production fell by 6% while services grew by 4.9& during this month.
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