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State Statistics Committee head: GDP increases by 4.1 percent in Azerbaijan

Business Materials 26 October 2010 12:57 (UTC +04:00)
GDP growth rate reached 4.1 percent in Azerbaijan in January-September 2010, making up to 29.3 billion manat, Arif Veliyev, Chairman of the State Statistics Committee, said at a press conference today.
State Statistics Committee head: GDP increases by 4.1 percent in Azerbaijan

Azerbaijan, Baku, Oct. 26 / Trend N. Ismayilova /

GDP growth rate reached 4.1 percent in Azerbaijan in January-September 2010, making up to 29.3 billion manat, Arif Veliyev, Chairman of the State Statistics Committee, said at a press conference today.

"GDP growth rate per capita hit 2.9 percent during that period, making up to 3286.6 manat or $4,090," Veliyev said.

He said that the growth of non-oil sector hit 5.2 percent and oil sector 2.7 percent in January-September 2010.

The inflation ratio amounted to 0.9 percent in Azerbaijan in September and 5.2 percent compared to January-September 2009.

"The inflation is expected to increase by 5.5-5.6 percent by late 2010 compared to 2009,"  Veliyev said.

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