Baku, Azerbaijan, Oct. 14
By Maksim Tsurkov - Trend:
GDP growth will be 3.6 percent and reach 59 billion AZN in 2014, the specified forecasts of the Azerbaijani government say.
The non-oil sector growth will be 8.1 percent in 2014, while value added manufacturing in the oil sector will decrease by 2.2 percent, the presentation of Azerbaijan's state and consolidated budget projects for next year, released by the Finance Ministry, says.
The growth is expected in all sectors in the structure of Azerbaijan's GDP except for oil and gas by late 2014.
The amount of investments made in fixed assets will be $ 18.9 billion by late 2014. The amount of domestic investments will increase by three percent, foreign investments - by 13 percent compared to 2013. Around 5.7 billion AZN was transferred to the oil sector, while 13.1 billion AZN in the non-oil sector.
The income of the Azerbaijani population is expected to be $ 40.5 billion AZN (a 5.4 percent growth compared to 2013) by late 2014, the draft says.
The country's real GDP growth is expected to reach 5.2 percent in 2014, the socio-economic development concept of Azerbaijan adopted in late 2013 says.
The official exchange rate is 0,7843 AZN/USD Oct. 14.