The Gross Domestic Product of Azerbaijan for 10 months of this year amounted to 47.6 billion manat, which is 5.7 % more than in the same period of 2012 . Growth was driven mainly by the services sector. In September, the index growth rate was 5.4%.
The State Statistics Committee told Turan, that the non-oil sector growth was recorded at 9.8 %, while in the oil - 1%.
In January - October 2013, the share of industry in GDP was 46.3 %. The share of the construction sector in GDP by investing primarily in public investment in the economy, reached 12.1%. In this case, the value added in the construction for the period increased by 25.2 %. The share of tourist accommodation and catering was 2.1% of GDP. In this case, the real growth in this sector for 10 months was 17.9 %.
Cumulative production sector participation in the GDP was 64.1 %, services - 29.6 % and net of tax - 6.3%. - 08D-
Economics
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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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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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