In 2012, Azerbaijan produced gross domestic product in the amount of AZN 53,995 mln (+2.2%). GDP per capita totaled AZN 5,884.5 ($ 7,490.5), which is 0.8% higher than in 2011.
Cost of goods and services consumed in the production of GDP amounted to 23.9 billion manat, 30.7% of the GDP.
Over the last year the share of non-oil sector in GDP rose from 48.8% to 52.7% (28.5 billion manat).
According to the State Statistics Committee, in 2012, in current prices, GDP amounted to 77.9 billion manat, which is 4.5 bn more than in 2011.
In the industrial sector was created 50% of the GDP. - 08 -
Economics
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On January 11, Serbian President Aleksandar Vučić announced that Azerbaijan had notified Serbia about the suspension of daily gas supplies amounting to 1.7 million cubic meters due to technical problems at the Shah Deniz field.
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The Turkish company Aksa Doğalgaz, part of Kazancı Holding, has announced the completion of the contractual process to purchase the gas distribution companies Bursagaz and Kayserigaz. These companies have been operating under SOCAR Türkiye Energy AS (STEAS) since 2019, according to Aksa Doğalgaz.
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Azerbaijan's Cabinet of Ministers has introduced new regulations establishing the minimum royalties for authors of state-commissioned films, aiming to promote creative works reflecting the country's national identity and cultural values.
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Tea imports to Azerbaijan have increased. According to the State Customs Committee, from January to November 2024, tea imports grew by 3.3% year-on-year to 12,893 tons in volume and by 4.5% in value, amounting to $67.715 million.
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