Real growth rate in Azerbaijan’s industry sector reached 14.7% during past 8 years

Durable growth was observed in Azerbaijan’s industry sphere, which makes over 50% share in GDP, during the past 8 years, real growth rate of production reached 14.7%, Strategic Studies Centre’s report on "Azerbaijan’s socio-economic development in 2003-2011" informed.

The report informs that, the volume of industrial products rose 4.4 times to AZN 21,852.5 mln in 2010, while this was AZN 4,963.4 mln in 2003: "Historical results on oil and gas extraction are renewed every year. So that, Azerbaijan’s oil extraction made 42.6 mln tons, gas extraction – 16.9 bcm in 2007, 44.5 mln tons and 23.4 bcm in 2008, 50.4 mln tons and 23.6 bcm in 2009, 50.8 mln tons and 26.3 bcm in 2010, while the highest performance in this sphere was in 1941 (23.5 mln tons), gas extraction in 1982 (14.9 bcm)".

Note that, 235 foreign companies representing 30+ countries operate in Azerbaijan’s industry sphere.


/APA/