. In the first half of 2016 the volume of gross domestic product in Azerbaijan amounted to 27 billion AZN, which is 3.4% less in comparable prices than in the same period of 2015, the State Statistics Committee.
The share of non-oil sector in GDP structure was 65.1%. The production of GDP in the non-oil sector, due to the backlog of investments in the construction sector, reduced freight transport and electricity generation, decreased 6.1%.
In the oil sector (9.4 billion AZN) GDP increased by 2.1%.
GDP per capita for the six months amounted to 2,809.9 AZN, which is 4.5% less than in the same period last year. ----- 08D
Economics
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The volume of cargo transported along the Trans-Caspian International Transport Route (TITR) surged by 62% in 2024, reaching 4.5 million tonnes, Kazakhstan’s Prime Minister Olzhas Bektenov said during talks with his Georgian counterpart Irakli Kobakhidze on Wednesday, according to the Kazakh government’s press service.
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Azerbaijan’s Small and Medium Business Development Agency (KOBİA) held a Supervisory Board meeting on Monday, chaired by Economy Minister Mikayil Jabbarov, to review the agency’s 2024 performance and set priorities for 2025.
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In January 2025, the average price of the consumer basket (CB) compiled by the Turan agency in Baku, which includes 30 types of essential domestically produced food products, increased by 0.3%.
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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