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).

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