The share of non-oil sector in Azerbaijan"s GDP reached 56.5%

Baku/23.01.14/Turan : State Statistics Committee unveiled the main macroeconomic indicators for 2013 , according to which the gross domestic product ( GDP) by the production method of calculation was 57.7 billion manat, increasing by 5.8%. The total output of goods and services at current prices was 84.8 billion manat.

Last year, the growth rate of non-oil GDP reached 10%, 9% more than the oil sector. Thus, the share of non-oil sector in GDP of 32.6 billion manat reached 56.6% , increasing by 3% point.

It is generally accepted that the level of development of the economy is defined by the proportion of the production of goods and services in GDP in favor of the latter . In Azerbaijan, in 2013 the volume of services was 36.6% ( 17.4 billion manat). The growth rate of production of services (7.2 % ) exceeded the figure for the production of goods by 2.3%.

Noticeable growth in value added was in the construction sector (23 %), trade (9.9%) , tourist accommodation and catering (16%) and communication ( 10.7%).

GDP per capita ( AZN 6 207.3 or $7 912.5) for the year increased by 4.4 %.

GDP reflects the market value intended for direct consumption of final goods and services.