Azerbaijan sees 1.3% growth in economy

Azerbaijan sees 1.3% growth in economy
  • Clock-gray 15:00
  • calendar-gray 15 March 2018

In January-February 2018, the Gross Domestic Product (GDP) made up AZN 11,541,500,000, up 1.3% from previous year, said a statement from the State Statistical Committee.

The value added increased 2.3% in the non-oil sector, remained unchanged in oil and gas sector.

At the same time, 48.3% of the value added was formed in industry, 9.6% in trade and repair of transport facilities, 6.5% in transport and storehouse, 6.2% in construction, 2.7% in agriculture, forestry and fishery, 2.6% in tourist accommodation and catering, 1.6% in information and communication and 15.9% in other spheres.

Net taxes to product and import made up 6.6% of GDP. The per head GDP amounted to AZN 1,178.7.

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