Gross Domestic Product in Azerbaijan over the four months of this year amounted to 17.2 billion manat. The country's economy, compared to the same period in 2012 increased by 3.8% (650 million manat), the State Statistics Committee (SSC) told Turan.
GDP growth was achieved against a backdrop of recession-oil sector at 2.3%. According to the estimates of SSC in the non-oil sector recorded a growth rate of 10.9%. Thus, the share of non-oil sector in GDP reached 51.5%.
Industry accounts for 8.9 billion manat (52.3%) of GDP. The share of agriculture in the "basket" of GDP in the first quarter was 2.5%.
Manufacturing value added per capita in January to April increased by 2.5% and amounted to 1,861.9 manat or $ 2,372.8. - 08D-
Economics
-
On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
-
Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
-
Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
-
Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
Leave a review