Bank Of Baku

Azerbaijan’s IT sector doubles over past 5 years

 Azerbaijan’s IT sector doubles over past 5 years
# 03 July 2013 07:23 (UTC +04:00)

 

Baku. Nijat Mustafayev – APA-Economics. IT sector has doubled in Azerbaijan over the past 5 years, it was noted in the annual report of the ICT Ministry, APA-Economics reports.

 

The report says that in comparison to 2012, the sector grew by 8.6% in the country. Retail sale of electronic and telecommunication equipments and their spare parts jumped 54.8%, production of electronic and radio elements – 14.2%, retail sale of computers, computer peripheral equipments and software – 15.3%.

 

Currently, share of production sphere in IT sector makes 30.6%, service-trade area – 69.4%, while this ratio made 20.5% and 79.5%, respectively.

 

 

 

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