In January and February 2015 Azerbaijan made Gross Domestic Product in the amount of 7.1 billion manat, the State Statistics Committee told Turan. At current prices, compared to the same period in 2014, GDP decreased by 1.4 billion manat or 16.5%.
According to estimates of SSC, according to the methodology of calculation of GDP, value added in manufacturing and services as compared with January 2014 increased by 4.2% due to an increase in their volume.
In the field of non-oil sector GDP growth was 5.1%. In this case, due to the reduction of petroleum product, the share of non-oil GDP reached 66.6%.
In January-February, the share of industry in value added was 50%, but this year this figure dropped to 36.3%. -----08D
Economics
-
According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
-
The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
-
Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
-
Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
Leave a review