In January-February 2017 the Gross Domestic Product (GDP) of Azerbaijan amounted to 10 billion 42.6 million manat. In comparable prices, the GDP increased by 0.4%.
The non-oil sector accounts for 56.8% of the GDP. In this sector, the GDP grew by 2.3% in two months, the State Statistics Committee (SSC) reports.
Last year, the two-month GDP was 7.8 billion manat.
The GDP per capita was 1,035.6 manat. Last year this figure was 822.3 manat.
SSC does not disclose macroeconomic indicators in US dollars. GDP growth in actual prices is related to inflationary processes. -----08D
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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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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