The State Statistics Committee published the figures on the gross domestic product of the country in the first half of 2015. According to official figures, nominal GDP from January to July amounted to 26.3 billion manats (+ 5.7% YTD).
The increase was done mainly by the non-oil sector (+ 9.2% with a specific weight of 66.9% of GDP). The remaining 33.1% was oil with growth by 1.3%.
In the structure of the "total pie" the largest share (37%) belonged to services, the share of the industry accounted for 36%, construction - 12.5%, taxes - 8.4%, and agriculture - 5.6%. --17D-
Economics
-
Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
-
The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
-
An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
-
On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
Leave a review