Non-oil GDP in Azerbaijan increases by 5.4 percent
Azerbaijan, Baku, Nov.13 /Trend, N.Ismayilova/
In January-October 2010, Azerbaijan's GDP grew by 4.1 percent or 1117.8 million manat compared to the same period of last year, the State Committee on Statistics said Thursday. At current prices, GDP amounted to 32.5 billion manat. GDP per capita amounted to 3642.1 manats ($4,534), increasing by 2.9 percent.
Value added price in non-oil sector increased 5.4 percent, which comprised 42.2 percent in GDP, and in the oil and gas production and processing - 50.7 percent.
Some 7.1 percent value added cost was created at the expense of net taxes on products and imports with an increase by 6.4 percent.
The total production volume in all sectors of the economy grew by 2.7 percent to 66 percent of GDP, where the main part - 53.9 percent of GDP (17.5 billion manat) accounts for the industry. Value added cost in services, manufacturing increased by 6.3 percent to 26.9 percent of GDP compared to the same period of last year.
During the report period, agriculture, hunting and forestry provided 1.6 billion manat, or 5.1 percent of the GDP; construction - 2.3 billion (7 percent); transport and warehouse - 2.04 billion manat (6.9 percent); communication and post service - 659.5 million manat (2 percent); social and other services - 3.46 billion manat (10.6 percent).
The official exchange rate is 0.7999 manat to $1 Nov.13.