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Azerbaijan to Retain Leading Position on GDP Growth Rate in 2009: Report by EBRD

Business Materials 1 December 2008 17:05 (UTC +04:00)

Azerbaijan, Baku, 1 December / Trend , corr. N.Ismaylova /European Bank for Reconstruction and Development (EBRD) forecasts 15 percent growth rate of GDP in Azerbaijan in 2009, the November report by EBRD says.

This forecast is the highest of forecasts on other 27 countries, which were included into the bank's report. The average rate of GDP growth rate in countries is set at 4.5 percent.

In October 2008, the International Financial Corporation stated about 16.4 percent growth rate of GDP in Azerbaijan in 2009.

In accordance with the forecast of the Azerbaijani Government, the growth rate of GDP in 2009 is expected at 18.9 percent rate. The total production volume of GDP is forecasted at AZN 43.6bln. The GDP per head is expected at $6300.8 in 2009 and $7,143 - in 2012, compared to 2007.

On 1 December, the official currency rate is 0.8088 AZN/USD.

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