...

Standard&Poor’s forecasts growth of real GDP over 5 percent in Azerbaijan in 2010

Business Materials 12 June 2009 13:57 (UTC +04:00)

Azerbaijan, Baku, June 11 / Trend N. Ismayilova /

Standard&Poor's international rate agency forecasts growth of real GDP of Azerbaijan in the amount of 5.37 percent in 2010, the agency said.

Economic growth reduced 4 percent in 2009 and 5.4 percent in 2010 in consequence of slow down of growth in world economy and stipulated reduction of demand for oil, the message said. 

Macroeconomic indices of the Azerbaijan Republic:

2010 f

2009 f

2008

2007

2006

2005

2004

2003

GDP (nominal; bln manat)

36.34

28.71

38.00

26.82

18.04

12.52

8.53

7.15

GDP (bln $)

45.43

35.89

46.58

31.23

20.19

13.24

8.68

7.28

Growth of real GDP (%)

5.37

4.03

10.80

25.00

34.50

26.40

10.20

11.20

Density of population (mln of people)

8.66

8.59

8.53

8.51

8.41

8.32

8.19

8.11

GDP per capita ($)

5247.00

4176.00

5404.00

3474.00

2373.00

1592.00

1060.00

897.00

Growth of consumer prices index (%)

7.00

5.00

20.80

16.70

8.43

9.60

6.70

2.20

Domestic loans to private sector (bln manat)

8.12

7.42

6.95

4.09

2.20

1.19

0.80

0.50

Domestic loans to private sector and state non-financial organizations (bln manat)

9.39

8.58

8.03

4.73

2.42

1.47

0.96

0.60

Net foreign assets of banking sector / GDP (%)

(7.95)

(7.81)

(3.85)

(2.06)

(0.70)

1.40

1.24

1.53

Domestic loans to private sector and state non-financial organizations / GDP (%)

25.84

29.89

21.63

17.64

12.92

11.72

11.24

8.39

Sources: Standard & Poor's, National Bank of Azerbaijan. F - forecast

Do you have any feedback? Contact our journalist at [email protected]

Latest

Latest