GDP Fell by 4.5%

In four months of 2016, GDP in Azerbaijan amounted to 16 billion 868 million manats, which in comparable prices lags 4.5% behind the figure for the same period of 2015.

According to State Statistics Committee, the share of the non-oil sector accounts for 61.5% of GDP. At the same time, due to the fall in activity in construction and transport, manufacturing GDP in the non-oil sector fell by 6.8%.

GDP per capita in Azerbaijan for four months amounted to 1,756.7 manats, by 5.6% less than in the comparable period last year. In dollar terms, this equals $ 1122.6.

According to government forecasts, with which the IMF and the World Bank agree, the volume of Azerbaijan's GDP will decline by 3% in 2016.   ---08B

Leave a review


Follow us on social networks

News Line