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).
The assets of the International Bank of Azerbaijan (IBA), the largest lender in the country, contracted by 28.9% y/y to AZN8.7bn ($5.1bn) in 2017, the state-controlled bank reported on January 10. ... ... more
The speaker of parliament of the disputed Nakhchivan Autonomous Republic—a landlocked exclave of Azerbaijan—has met with Iran’s economy minister to voice readiness for the securing of more ... more
Iran’s foreign ministry has rejected the suggestion that the five littoral states that share the shore of the Caspian Sea have largely agreed to delineate its maritime borders and settle their ... more