The State Statistics Committee published the main macroeconomic indicators for the first five months of this year, according to which, the gross domestic product (GDP) in Azerbaijan's economy amounted to 21 billion 344.3 million manats, which in comparable prices was by 5.3% more than in the same period of 2014. It is noteworthy that, in current prices, GDP fell by around 2.1 billion manats or 9%, which affects in GDP per capita.
According to the SSC, the non-oil sector produced 14.1 billion mantas of added value, which in comparable prices was 7.6% more compared to the first five months of last year. In the oil sector the GDP increased by 2.3%. The share of non-oil sector in the GDP reached 66.1%, up 11.4% to January-May 2014.
Note that the share of private sector in GDP in 2014 was 81.9%. ---08D
Economics
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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.
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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.
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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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