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Dynamic on gdp change due to consumption

Politics Materials 9 March 2007 12:02 (UTC +04:00)

In January 2007 the GDP calculated through the consumption method comprised 1,012,7mln manats, or 38.6% down as compared to the GDP ratio calculated by the State Statistics Committee through the production method

Drop was observed in the special weight of investment consumption in the total amount of aggregate consumption from 40.6% in 2006 to 35.3% in 2007.

Special weight of aggregate consumption demand rose from 52.79% in January 2006 to 61.3% in 2007.

Public consumption grew both in absolute and relative prices. The expenses for purchase of goods and services dropped 89.46% as compared to 2006, while the special weight grew from 4.9% to 2.9% in the structure of consumption

In January 2007 local production failed to cover domestic demand, while import covered the considerable part of demand. As to foreign demand on local export product it remains to be high, while the export sector speeds up.

The special weight of export in GDP dropped from 1.73% in January 2006 to 0.6% in January 2007.

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