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 the same time in February, official statistics ceased to calculate GDP per capita, which will continue to be measured only on a quarterly basis.
According to Turan IA’s own estimates, in the two months of this year, the GDP per capita was about 741 manat. This is 18% less than in the same period in 2014.
Note that in terms of GDP per capita, Azerbaijan in manat measurement was down to approximately the level of 2008.
In 2014, GDP per capita in Azerbaijan amounted to 6,264.1 manat (+1.5%). –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