Center for Strategic Studies: Azerbaijan saw increase in GDP volume and strategic currency reserves during last 8 years

In 2003-2010, volume of GDP produced in Azerbaijan increased by 3 times, as well as on non-oil sector – 2 times, foreign trade turnover – 5.4 times, strategic currency reserves – 19 times, Center for Strategic Studies under the President of Azerbaijan (SAM) said.

"Compared to 2003, volume of GDP rose nominally 5.3 times, really – 2.7 times to AZN 4,653.3 in 2010. At the same time, unemployment level across the country decreased by 1.6 times, poverty level – 4.9 times. Exceeding of population’s incomes’ growth (4.5 times) the inflation (1.9 times) provided increase of income by 2.3 times really", said the SAM.

Moreover, in 2005-2010, Azerbaijan achieved rapid progress in human development sphere, rose from 101st place to 67th. For average annual growth rate of this index during last 10 years the country exceeded not only the post soviet countries, but also China and India.


/APA/