Growth Rate of Industrial Production in State Sector Ahead of Private Sector

Baku/16.11.13/Turan : During 10 months of 2013 the volume of industrial production in Azerbaijan made in stable prices 28 billion manat, which is 1.5% higher than in the comparable period of 2012 . The growth was driven by a 1 % increase in production in the oil sector.

In the State Statistics Committee told Turan, that the share of non-oil industries in the industrial sector, with the index up 5.5 billion manat in January-October of this year, 19.7%. In this case, non-oil industry grew over the same period of 2012 by 2%.

Industrial production in the public sector rose by 5 % to 10 months 5.2 billion manat. The industrial sector has formed in January- October 2013 46.3 % (22 bn ) of gross domestic product.

The mining industry generates 74.4 % ( 20,859 million manat ) of industrial products , where the growth of production since the beginning of the year was 0.8 %.

The growth in the field of processing industry ( 5.6 billion manat) was 5 %. The share of the food industry ( 3.7%) account for more than 38.5 % ( 2150 million manat) of the processing sector . Production of oil products amounted to 1,737 million manat , an increase compared to the same period in 2012 by 6.1 %.

Over the last 5 years Azerbaijan has launched dozens of industrial enterprises of the non-oil sector. Most of these companies belong to the oligarchs represented in the government and the family of the head of state . However, as the statistical data , without regard to the mining industry, which is dominated by foreign companies , the role of private companies in the formation of industrial output remains low. It is possible that statistics "has not reached" these enterprises yet. - 08D-