Azerbaijan, Baku, January 28 / Trend , N.Ismaylova/
During 2004-2009, the amount of
GDP in Azerbaijan increased by 2.8 times, and its per capita share in 2009 reached $4,874.1, the article by the Minister of Economic Development Shahin Mustafayev, published in official press, said.
"During this period, currency reserves were established, allowing to ensure the economic security of the country, and in 2009, the strategic currency reserves of Azerbaijan exceeded $20 billion, which is six times more than the external public debt of the country and enough to finance the cost of non-oil imports during 40 months," said the minister.
According to the minister, formed legal framework, which meets international standards, supported the rapid economic development, and main goals of socio-economic development were achieved through concrete programs. In general, over 100 concepts, government programs and large documents have been adopted in various fields. Established in Azerbaijan the acceptable business environment contributed to increasing amount of investments in the country's economy, which exceeded $70 billion, half of which accounts for foreign investment.
During 2004-2009, total budgetary resources to finance activities to strengthen the social protection of population increased 4.8 times, the average wage in the country increased three times, and income - 3.4 times and its share per capita - 3.2 times, the minimum amount of pension payments - 3.8 times, the minimum wage - 6.3 times. The level of poverty in the country over the past five years decreased by 4.1 times - from 44.7 percent to 11 percent. Over the last six years, 840,000 new jobs were created in the country.
"All these economic successes confirm the completion of the transition period and beginning of a new phase of socio-economic development in the national economy," said the minister.