Bank Of Baku

Economic growth reaches 1.6% in Azerbaijan

Economic growth reaches 1.6% in Azerbaijan
# 17 March 2014 15:44 (UTC +04:00)

APA-Economics reports quoting the State Statistical Committee that 50% of the GDP accounted for industry, 8.8% in construction, 11.6% for trade and paid services, 6.3% in transport, 1.9% for communication, 2.5% for agriculture, 11.9% other spheres.


The value added per person was on average AZN 903.5, it is up by 0.3% compared to a year earlier.


53.9% of the value added was produced in non-oil sector, it is up by 8.8% compared to a year earlier, in the oil and gas sector it dropped by 5.7%.


Industrial enterprises produced AZN 5.4bn products in January-February, it is down by 3.7% compared to a year earlier. It is attributed to the drop in the oil production.

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