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Azerbaijan’s GDP increases by five percent

Business Materials 19 January 2011 14:16
Azerbaijan's GDP increased by five percent or 1.8 billion manat in 2010 compared to 2009, the Azerbaijani State Statistics Committee reported. In current prices, the GDP indicator reached 41.6 billion manat. GDP per capital increased by 3.7 percent to 4653.3 manat ($5797.8).
Azerbaijan’s GDP increases by five percent

Azerbaijan, Baku, Jan. 19 / Trend N.Ismayilova /

Azerbaijan's GDP increased by five percent or 1.8 billion manat in 2010 compared to 2009, the Azerbaijani State Statistics Committee reported. In current prices, the GDP indicator reached 41.6 billion manat. GDP per capital increased by 3.7 percent to 4653.3 manat ($5797.8).

The share of the non-oil sector increased by 7.9 percent in 2010 to 44.4 percent of the GDP, with 48.5 percent falling to the oil and gas sector and processing.

The total production volume in all sectors of the economy grew by 3.8 percent to 65.5 percent of the GDP, with 52.6 percent of the GDP (21.9 billion manat) falling to industries.

Agriculture, hunting and forestry provided 2.2 million manat in 2010, or 5.4 percent of the GDP. Construction provided 3.1 billion manat (7.5 percent), transportation and warehousing -- 2.5 billion manat (6 percent), communication and post services - 788.4 million manat (1.9 percent), wholesale and retail trade, automobiles, domestic products and repairs of personal-use items - 2.75 billion manat (6.6 percent), and social and other services - 4.9 billion manat (11.9 percent).

The official exchange rate is 0.7974 manat to $1 Jan. 19.

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