Today.Az » Business » Economic growth in Azerbaijan makes 1.4% in January-February
14 March 2011 [19:18] - Today.Az
Gross domestic product – the output of goods and services produced by labor and property in Azerbaijan- stood at AZN 2.7 billion in January-February, 2011, up 1.4% on the same period a year ago.
State Statistical Committee says value added rose 3.8% to AZN 2.7 bln or 40.9% of total GDP. 51.5% of GDP was oil-gas production and processing sphere, 7.6% - net taxes to products and import.
Note that, according to forecasts of Azerbaijani government country’s economy is expected to rise 3.8% in 2011. IMF forecasts GDP growth rate in Azerbaijan as 1.8%, EBRD and ADB – as 3.5% in 2011.
/APA/
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