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Azerbaijan sees 3.5% decline in GDP

Azerbaijan sees 3.5% decline in GDP

15 April 2016 11:52 (UTC +04:00)

State Statistical Committee told APA-Economics that the decline is caused by decrease in production of construction and transport products and services compared to previous year.

39% of the value added was formed in industry, 13.3% in trade, repair of transport vehicles, 8.4% in construction, 6.7% in transport and storehouse, 3.5% in tourist accommodation and catering services, 2.8% in industry, forestry and fishery, 2% in information and communication, and 16% in other spheres.

New taxes to product and import made 8.3% of GDP.

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