Azerbaijan’s GDP up by 2.2% y/y in Jan-Nov

By bne IntelliNews December 16, 2014

Azerbaijan’s GDP grew by 2.2% y/y between January and November, amounting to AZN53.7bn ($68.5bn), the State Statistical Committee (SSC) reported on December 15. GDP per capita equaled AZN5,710 ($7,291).

The share of the non-oil sector reached 59.8%, up by 6.5% from the same period in 2013. A sector breakdown shows 42.6% in industry, 12.5% in construction, 5.1% in agriculture, forestry and fishing, and 32.5% in services. 

According to SSC data, the average monthly income increased by 1.9% y/y, amounting to AZN324.8 ($414).

 

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Armenia, Azerbaijan and Georgia enjoying Persian new year influx of Iranians

Armenia, Azerbaijan and Georgia are enjoying a welcome injection of revenues from the annual influx of Iranians enjoying their long Nowruz Persian new year holiday. Anecdotal evidence indicates ... more

Azerbaijan finishes takeover of bad IBA assets worth $2.2bn

The Azerbaijani government has finished taking over $2.2bn worth of external debt owned by the country's largest bank, International Bank of Azerbaijan (IBA), APA news agency reported on March 5 ... more

Opposition cry “farce” and “mockery” while announcing boycott of Azerbaijan’s snap election

Several opposition parties in Azerbaijan have announced that they will boycott the early presidential election scheduled for April, according to local media reports. On February 5, President ... more

Most Read

  1. Romanian developers get in the game
    2 days ago
  2. Putin and Trump trying to walk back Syria strike and sanctions tensions
    2 days ago
  3. What’s the cost of US sanctions on Russia?
    3 days ago
  4. E-commerce dramatically eats into foot traffic at Moscow’s leading shopping malls
    14 days ago
  5. Romania entrepreneur aims to put home-grown UAV defence technology industry on the map
    4 days ago
  1. Fears raised of US conditioning F-35s sale on Turkey cancelling S-400 deal with Russia
    24 days ago
  2. COMMENT: Whisper it – ‘Erdonomics’ could be driving Turkey to a meltdown
    11 days ago
  3. KRUK REPORT: Nadia Savchenko, Ukraine’s fallen hero
    28 days ago
  4. Romanian developers get in the game
    2 days ago
  5. Putin and Trump trying to walk back Syria strike and sanctions tensions
    2 days ago

Selected articles from our premium news/views wire IntelliNews Pro

Login to IntelliNews Pro
Get IntelliNews Pro

Reports

Dismiss