Minister Ali Abbasov: ICT incomes will increase by 5 times in the coming 7 years in Azerbaijan - UPDATED

Minister Ali Abbasov: ICT incomes will increase by 5 times in the coming 7 years in Azerbaijan  - <span style="color: red;">UPDATED
# 19 February 2013 09:16 (UTC +04:00)

To him, in 2012, incomes on ICT made $1.750 bn, up 18% compared to previous year: ‘From 2020, main part of GDP will be formed at the cost of non-oil sector in Azerbaijan. Average annual growth of ICT is expected to be around 20% in 2020, which is 2-2.5 times higher than the worldwide average’.

‘Incomes of the sector are forecasted at $8-9 bn in 2020 and it will make 8-9% of GDP’, the Minister added.

Abbasov also added that 20% average annual growth rate of ICT sector will increase export potential of this sector: ‘At present, 85% of export falls to share of oil sector in Azerbaijan. We intend to increase export of non-oil products and services’.

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