Azerbaijan`s economic growth hits 1.6%

 In January-July, 2012, GDP production rose 1.6% to AZN 30.8 billon. The State Statistical Committee says 67.4% of GDP was production, 52.3% - industry, 9.6% - construction complex, 5.5% - agriculture. Share of services in value made 26.5%, as well as in transport – 4.9%, trade and payable services – 8.4%, communication – 1.7%, social and other services – 11.5%. 6.1% of GDP fell on share of net taxes for product and import. The production in non-oil sector rose 10.5%, in oil-gas sector – decreased by 6% in comparison to a year earlier. Per head GDP made AZN 3,364.7 or $ 4,280.9.

According to government`s forecasts, the GDP will increase by 4.6% to $59.3 billon. Per head GDP will make over $6,000.


/AzerTAc/