Baku / 09.10.17 / Turan: For nine months of this year, dynamic development was provided in all spheres and the main economic indicators are positive, Ilham Aliyev said at a Cabinet meeting on Monday.
He noted that the development of the non-oil sector amounted to 2.5%, the agriculture - 2.8%, and the foreign trade - 7%. "Over the reported period, foreign exchange reserves reached 42 billion US dollars, and this is one of the most successful points. We are working on issues of long-term sustainable development. Economic opportunities are the main condition for our independence," he said.
According to the President, for the specified period 226,000 new workplaces were created.
Concerning the restoration of the Çocuk Mercanlı village of the Cebrayıl district, Aliyev called it a historic event, and said the project of providing IDPs with new apartments will be continued next year. According to him, so far more than 250,000 IDPs have been provided with housing.
Touching upon regional projects, Aliyev said the new contract on the deep-water part of the Azeri - Chirag - Gunashli oilfield is of great importance for the economy as a whole.
The official opening of the Baku-Tbilisi-Kars railway will take place soon, having far-reaching significance.
"Projects in which Azerbaijan participates are global in nature and serve to strengthen the country"s position in the international arena," he said.
The President said that 2017 will remain in the history of the country as a year of major reforms.
"This year, the mechanism for encouraging investments was launched. As a result, the private sector attracted 1.7 billion manat," he said. -71D-
Economics
-
Azerbaijan’s gross domestic product (GDP) reached 126.3 billion manats in 2024, marking an increase of 3 billion manats, or 2.4%, compared to the previous year, according to data released by the State Statistics Committee. In 2023, nominal GDP stood at 123 billion manats.
-
The latest data from the State Statistics Committee reveals that as of December 1, 2024, the total number of salaried workers in Azerbaijan stood at 1.775 million, with 884,400 employed in the public sector and 890,900 in the private sector. This figure falls significantly short of the government's ambitious targets set seven years ago, raising concerns about employment opportunities, particularly for the country's burgeoning youth population.
-
Azerbaijan's legal and physical entities engaged in trade operations with partners from 176 countries between January and November 2024, exporting goods to 120 nations and importing from 167, according to the State Customs Committee.
-
Azerbaijan's retail trade turnover climbed 3.9% in real terms in 2024 compared to the previous year, reaching a total of 62.2 billion manats, the State Statistics Committee revealed. Food, beverages, and tobacco accounted for 34.1 billion manats, while non-food products contributed 28.1 billion manats to the total.
Leave a review