In the first 11 months of this year, gross domestic product per capita in Azerbaijan amounted to 5,255.5 manat, the State Statistics Committee. It is 455.2 manat, or 8% less than in the comparable period of 2014.
In US dollars the GDP in Azerbaijan reduced by 25.3%. In January-November 2014 the GDP per capita in the country was $ 7281, while this year the figure is estimated at Turan fell to $ 5438.
According to the SSC, the volume of GDP in Azerbaijan in January-November amounted to 50 billion 57.5 million manats, 3.1% more than in the same period last year. At the same time, according to the same source, for the comparable period of 2014 the volume of industrial value added in the country amounted to 53 billion 743.6 million manats. GDP grew in real terms. In value terms, the economy contracted by 6.9%.
According to official estimates, non-oil GDP in the 11 months amounted to 34 billion 676.8 million manats, up 4% in stable prices.
The share of industry in GDP structure was 33.7% (11 months of 2014 - 42.6%), construction - 13.7% (12.6%), trade and repair of motor vehicles - 9.9% (10 %), agriculture - 5.9% (5.1%), etc. –0--
Economics
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BP, the operator of the Shah Deniz gas condensate field, announced on Sunday that production from the Shah Deniz Alpha platform resumed on the evening of January 18. This followed the complete resolution of a technical issue with the subsea condensate export pipeline between the Shah Deniz Alpha platform and the Sangachal terminal.
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SOCAR President Rovshan Najaf met with the Minister of State for Petroleum of Pakistan, Musadik Malik, on January 18. According to SOCAR, the discussions covered joint energy projects, achieved outcomes, and cooperation opportunities in various areas, including the trade of petroleum products.
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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