During the first 11 months of this year, the gross domestic product in Azerbaijan amounted to 53.7 billion manat, which is 2.2% more than in the same period of 2013, according to the State Committee of Statistics.
From the beginning of 2014, the value added in the non-oil sector grew by 6.5%, while its share in GDP increased from 56.9% to 59.8%. This year lag oil sector was 3.4%.
GDP per capita amounted to 5,710.7 manat ($ 7,281.3) /
The Department of National Accounts of the State Committee of Statistics told Turan that the calculation of the main macroeconomic indicators of the country also takes into account the informal economy, the so-called "shadow economy", which, according to official data, estimated at about 8%.
In the structure of GDP is still dominated by the manufacturing sector - 60.2%, while the share of services is 32.5%. The share of industry from the beginning of the year rose to 42.6%, construction – to 12.5%, agriculture – to 5.1%, etc. --08D-
Economics
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On September 6, the State Oil Company of Azerbaijan (SOCAR) has announced a partnership with American oilfield services firm Halliburton to conduct research aimed at reassessing the hydrocarbon potential of the shallow-water section of the Guneşli field.
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The Food Safety Agency of the Republic of Azerbaijan (AQTA) is advancing its process of incorporating foreign high-risk food and feed production facilities into its official registry, the agency announced on Friday.
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Azerbaijan’s "Green Energy Zone" Working Group held its latest hybrid meeting to review the implementation of projects within the framework of the country's Social and Economic Development Strategy for 2022–2026, the Ministry of Energy reported on Wednesday.
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The historic city of Shusha, with its rich cultural heritage, hosted the International Day of Gastronomy on Thursday, a vibrant event organized by the State Tourism Agency, the Shusha City State Reserve, and the National Culinary Center. This event served as a bridge between various cultures and culinary traditions, showcasing the richness of the Islamic world's cuisine through the celebration of the iftar table.
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