Azerbaijan sees 0.1% growth in economy

Azerbaijan sees 0.1% growth in economy
  • Clock-gray 12:52
  • calendar-gray 17 January 2018

In January-December 2017, the Gross Domestic Product (GDP) made up AZN 70,135,100,000, up 0.% from previous year, said a statement from the State Statistical Committee.


The value added increased 2.7% in the non-oil sector, decreased 5% in oil and gas sector.


At the same time, 40.1% of the value added was formed in industry, 10.4% in trade and repair of transport facilities, 6.8 in transport and storehouse, 9.5% in construction, 5.6% in agriculture, forestry and fishery, 2.3% in tourist accommodation and catering, 1.6% in information and communication and 16.4% in other spheres.


Net taxes to product and import made up 7.3% of GDP. The per head GDP amounted to AZN 7,205.0 or USD 4,186.3.

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