In 2013, the Azerbaijani government forecasts economic growth of 5.3%. GDP is expected to reach 56.1 bn. The Ministry of Finance announced the projected socio-economic development of the country in 2013.
The government estimated that the share of non-oil sector, with a growth rate of 11.7% in 2013 with GDP reaching 61.3% (34.4 bn). The production of oil GDP will shrink it to 2.9%.
Income in 2013 to grow by 9.1% and reached 39.7 billion manat or 4,270 AZN per capita, or 1,425 manat more than in 2011. Suffice it to say that the figure will exceed income in 2011 by 14 bn. The main part of these funds is to be ranked as the growth state of representation in the government of oligarchs, according to local experts.
Real wage growth to inflation (forecast - 5.7%) was 3.9%. The government forecast of the average monthly salary at the end of 2013 is 440.3 manat. - 08D-
Economics
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BP, the operator of the Shah Deniz gas condensate field, announced on Sunday that production from the Shah Deniz Alpha platform resumed on the evening of January 18. This followed the complete resolution of a technical issue with the subsea condensate export pipeline between the Shah Deniz Alpha platform and the Sangachal terminal.
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SOCAR President Rovshan Najaf met with the Minister of State for Petroleum of Pakistan, Musadik Malik, on January 18. According to SOCAR, the discussions covered joint energy projects, achieved outcomes, and cooperation opportunities in various areas, including the trade of petroleum products.
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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