GDP growth rate in Azerbaijan reaches 5 percent
Azerbaijan, Baku, May 15 / Trend, N.Ismayilov /
During January-April 2010, Azerbaijan's GDP grew by 5 percent or 468.8 million manats, the State Statistics Committee said. At current prices, GDP amounted to 13 billion manat. GDP per capita amounted to 1,460 manat ($1817.5), an increase of 3.8 percent.
A five per cent increase in added value was observed in the non-oil sector of the economy.
Some 6.9 per cent of added value has been made at the expense of the net taxes on production and imports.
Total production in all sectors of the economy increased by 4.7 percent and made up 68.1 percent of GDP, where main part - 59.2 percent (7.7 billion manat) accounted for industry. The share of services in GDP was 9.6 percent. In the sphere of services added value increased by 5.4 percent and amounted to 25.5 per cent of GDP compared to the same period last year.
During January-April of 2010, agriculture, hunting and forestry provided 239.8 million manat, or 1.8 percent of the GDP; construction - 921.1 million manat (7.1 percent); transport - 863.8 million manat (6.7 percent); communication and post service - 227.1 million manat (1.7 percent); wholesale and retail trade, automobile field, domestic products and repairing personal-use items - 860.3 million manat (6.6 percent); social and other services - 1217.8 million manat (9.4 percent).
On May 14, the official exchange rate is 0.8036 manat to $1.