Finance

Home page

Finance

Azerbaijan sees 2.2% rise in GDP production

15 December 2014 08:36 (UTC +04:00)

Baku. Agshin Rafigoglu – APA-Economics. Gross Domestic Products in Azerbaijan rose 2.2% to AZN 53.7 bln in January-November, 2014.

State Statistical Committee says per capita GDP made AZN 5,710.7 ($7,281.3).

The value added in non-oil sector rose 6.5%, and its share in GDP increased from 56.9% to 59.8%.

60.2% of GDP was formed in production spheres, 42.6% in industry, 12.5% in construction, 5.1% in agriculture, forestry and fishery, 32.5% in service spheres.

The value added for per citizen made AZN 1,403.4 ($ 1,789.2), up 1.1% compared to a year earlier. 54.8% of the value added was produced in non-oil sector, up 8.8% from previous year, dropped in oil-gas sector.

24.3% of VAT was formed in repair of trade and transportation facilities, 14.9% in transport and storehouse, 6.5% tourist accommodation and catering, 5.5% in information and communication services, 48.8% in social and other spheres.

Net taxes for production and import made 7.3% of GDP.