In the ten months of this year, gross domestic product (GDP) in Azerbaijan amounted to 45 billion 934 million AZN. According to the State Statistics Committee, the real GDP growth was 3.3%. This nominal GDP fell by 6.7% compared with 10 months in 2014.
According to the SSC, the volume of GDP in non-oil sector amounted to 31 billion 765 million AZN. The real growth of non-oil sector amounted to 5.2%, nominally the same - 10%. Thus, the share of this sector in GDP increased from 59.9% to 69.2%.
SSC of Azerbaijan has suspended calculation of GDP per capita. According to estimates of Turan, for ten months of 2015 everyone in the country had added value in the amount of 4,760 AZN. During the same period in 2014 this figure was 5,100 manat.
In connection with a particular increase in world oil prices the oil GDP increased by 0.5%. --08D
Economics
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Azerbaijan’s corporate sector needs to develop an appropriate system for assessing employees, according to Jalal Gasimov, CEO of PASHA Holding. Speaking at the Human Development Forum in Baku, Gasimov emphasized the importance of moving beyond merely evaluating employees based on performance outcomes.
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The launch of the Azeri Central East (ACE) platform in Azerbaijan's Caspian Sea shelf marked an important milestone for BP in 2024, said BP CEO Murray O'Kinkloss on February 11, presenting the company's 2024 report.
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Cargo transportation along the Middle Corridor (Trans-Caspian International Transport Route, TMTM) reached a record 3.3 million tons in 2024, marking a 20% increase year-on-year, according to the Secretary General of the International Association "Trans-Caspian International Transport Route" Khaydar Abdikerimov.
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Azerbaijan’s national carrier AZAL and Israel’s El Al Airlines have announced a new partnership under a codeshare agreement, allowing passengers of both airlines to access joint flights, the carriers said in a statement on Sunday.
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