Economic growth in Azerbaijan makes 0.8% in January-April

The GDP rose 0.8% to AZN 13.7 billion in January-April, 2011, from a year ago.

The State Statistical Committee says 64.7% of GDP was reached in food production, 29% - service area, 6.3% - net taxes on product and import.

Production in non-oil sector rose 6.2%, decreased by 4% in oil-gas sector: "If production in oil-gas sector was 100%, GDP production might rise 3%".

At the same time, per head value made AZN 1,522.5 or $1,916.3, up 4.3% from a year ago.

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 2.8%, EBRD and ADB – as 3.5% in 2011.


/APA/