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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Azerbaijani state power company Azerenerji, SOCAR Trading, and Italy's Ansaldo Energia have signed a trilateral agreement on carbon credits, Azerenerji announced on Friday.
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The SOCAR-UNIPER joint venture inaugurated a 65 MW steam generator unit at the "Ethylene-Polyethylene" plant on Friday as part of activities held during COP 29. The project, aimed at boosting energy efficiency, is a significant milestone for the joint efforts of SOCAR and UNIPER in Azerbaijan’s chemical industry.
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French energy giant TotalEnergies is considering participation in solar and wind power projects in the Nakhchivan Autonomous Republic of Azerbaijan, a move discussed during talks in Baku on November 15 between TotalEnergies CEO Patrick Pouyanné and Azerbaijani government officials.
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Azerbaijan's Ministry of Energy, China Energy Overseas Investment Co. Ltd., and SOCAR Green LLC have signed an agreement to implement a 160 MW solar power project in the Fizuli district, Economy Minister Mikayil Jabbarov announced on social media on Wednesday.
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