Baku. Yegane Lachinzade – APA-Economics. In January-August 2016, Azerbaijan’s Gross Domestic Product (GDP) made AZN 38,027,800,000, down 3.1% from the previous year, said a statement from the State Statistical Committee.
The decline is caused by 32.3% decrease in production of construction products compared to the previous year.
At the same time, 38% of the value added was formed in industry, 11.7% in trade, repair of transport vehicles, 9.4% in construction, 6.9% in transport and storehouse, 2.7% in tourist accommodation and catering services, 5.7% in industry, forestry and fishery, 1.9% in information and communication, and 16.4% in other spheres.
New taxes to product and import made 7.3% of GDP. GDP per capita amounted to AZN 3,953.
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