Today the State Statistics Committee published the report on socio-economic development of Azerbaijan for 2014, 10 days after the preliminary discussion in the Cabinet of Ministers chaired by President Ilham Aliyev.
Last year, the volume of gross domestic product in Azerbaijan amounted to 58 997 800 000 manat, which is 2.8% more than in the previous year. The share of non-oil economy (about 36 billion manat) accounted for 60.1% of GDP, which grew by 7%.
Oil GDP (23 billion manat) in the past year decreased by 2.9%.
GDP per capita last year was 6 264.1 manat or about $ 8,000, which was 1.5% higher than the figure for 2013.
The share of industry in GDP was 41.5%, agriculture - 5.3%, construction - 12.5%. ---08D
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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