TODAY.AZ / Business

GDP of Azerbaijan will rise by four times in 20 years

25 July 2006 [08:34] - TODAY.AZ
GDP of Azerbaijan is forecasted to rise by four times in 20 years. If the GDP is forecasted to be $17bn for 2006, the anticipation will reach $70bn by 2025.

As APA that the increase rate of GDP will be at least generally 30% and 40% in the industry this year. The GDP has risen by 36% and the industry production has risen by 41% in the first half of the year.

Experts attribute the rapid economic increase to fast oil and gas production in Azerbaijan and price rise of oil in the world market. The increase rate constituted 10% in the first half of the year in exception of improvements gained in oil and gas sector.

While per capita GDP is under $2 000 now the indictor is forecasted to reach $ 8 000 in 2025.


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