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).
Iran's industry minister has said the central bank should be stripped of its role in trade policy, blaming foreign exchange interventions for constraining exporters and creating challenges for ... more
Saudi Arabia is hosting an emergency meeting of Arab and Islamic foreign ministers in Riyadh on March 18, as the US-Israeli war against Iran enters its 19th day with no sign of a ceasefire, the ... more
Dutch and Algerian embassy staff have been evacuated from Iran into Azerbaijan through the Astara border crossing on March 10, as the total number of people evacuated via the route since the start of ... more