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Azerbaijan's Nakhchivan sees increase in industrial production in 9M2021

Economy Materials 18 November 2021 16:27 (UTC +04:00)
Azerbaijan's Nakhchivan sees increase in industrial production in 9M2021

BAKU, Azerbaijan, Nov. 18

By Khagan Isayev – Trend:

The volume of industrial production in Azerbaijan's Nakhchivan Autonomous Republic (NAR) amounted to almost 855.76 million manats ($503.5 million) in 9M2021, Trend reports with reference to the State Statistics Committee of the NAR.

According to the committee, at the same time, industrial production increased by 1.3 percent compared to the same period last year.

It is noted that the volume of industrial production in NAR in 2020 amounted to 1.04 billion manats ($612 million), which is 1.4 percent more than in 2019.

Investments in fixed assets in the NAR last year from all financial sources reached 1.041 billion manats ($612.5 million), which is 1.1 percent more than in 2019.

It was also reported that the GDP of NAR in 2020 amounted to 2.907 billion manats ($1.7 billion), which is 1.1 percent more than a year earlier.

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