Finance

Home page

Finance

Azerbaijan sees 4% decline in economy

17 October 2016 11:45 (UTC +04:00)

Baku. Agshin Rafigoglu - APA-Economics. In January-September 2016, the Gross Domestic Product (GDP) made AZN 43,436,300,000, including per head GDP amounted to AZN 4,512,500,000.

State Statistical Committee told APA-Economics that 65.7% of GDP was formed in non-oil sectors, 34.3% in oil and gas sector.

The value added rose 5.5%in information and communication sector, 2.4% in forestry, agriculture and fishery, 2.3% in trade, repair of transport facilities, 1.8% in tourism accommodation and catering, 1% in industry, declined 32% in construction, 1.2% in transport and storehouse, 2.5% in other spheres of economy.

Decrease in production of construction caused 3.9% decline of GDP compared to a year earlier.