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Economic growth rate reaches 1.2% in Azerbaijan

13 December 2012 08:39 (UTC +04:00)

State Statistical Committee says the value added in non-oil sector of economy rose 9.7% to AZN 24.7 bln, in oil-gas sector – decreased by 6.5%.

State Statistical Committee says 50.5% of GDP was produced in industry, 9.9% - in construction complex, 5.7% - in agriculture, forestry and fishing, 6.7% - in service spheres on repair of transport facilities, 4.8% - in transport and storehouse economy, 1.8% - in communication and information services, 1.5% - in tourists placement and catering and 12.7% - in social and other spheres.

The production in non-oil sector rose 10.5%, in oil-gas sector – decreased by 6% in comparison to a year earlier.

During the same period, the value added soared 23.1% in construction, 16.8% - in information and communication services, 15.7% - in tourist accommodation and catering, 9.4% - in trade and services on repair of transport facilities, 5.7%0 – in agriculture, forestry and fishing, 2.5% - in transport and storehouses economy and 3.3% - in social and other services.