The government forecasts a high GDP growth over the next four years

Government of Azerbaijan on the eve of the presidential election announced forecast of macroeconomic indicators in the years 2014-2017. It is calculated that the growth rate of the Gross Domestic Product (GDP) in these years will be maintained at the level of 5-6% , and will be provided by the non-oil economy. However, in doing so, for reasons undisguised share of private sector in GDP will decline.

According to forecasts of Ministry of Economic Development, this year's GDP will reach 54,740 million manat, which is 4.5 % higher than the figure for 2012. While maintaining the downward trend in value added in the oil sector in 2014, at 1.5%, GDP will increase by 5.2 % , believe in government. This will be achieved at the expense of the non-oil economy to a level of 10 %. The share of non-oil economy in GDP will increase from 58.6% (2013) to 72.4 % (2017).

According to government estimates, in 2014 the share of industry in GDP is 42%, services - 33 %, construction - 12%, net of tax - 7%, and agriculture - 6 %.

According to MED, the share of private sector in GDP this year will be 82.3 %. By 2017, this figure will drop to 81.8%. Perhaps the government believes that the government (in the person, for example, of SOCAR) will return to the helm of the economy. - 08D-