Bank Of Baku

Azerbaijan sees 3.1% rise in GDP year-on-year

Azerbaijan sees 3.1% rise in GDP year-on-year
# 15 December 2015 15:27 (UTC +04:00)

According to the State Statistical Committee, the value added in the non-oil sector increased 4.0% and made 69.3% of GDP (60.9% in 2014).

 

30.7% of GDP was generated in oil industry (value added in this sector rose 1.8%), 33.7% in industry, 13.7% in construction, 9.9% in trade and repair of motor vehicles, 5.5% in transport and storehouses, 5.9% in agriculture, forestry and fishery, 2.7% in tourist accommodation and catering services, 2% in information and communication, 18.7% in social and other services.

 

Net taxes to production and import made 7.9% of GDP.

 

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