Azerbaijan, Baku, November 17 / Trend, N. Ismailova /
In January-October 2011, Azerbaijan's GDP increased by 0.3 percent against the respective period of 2010 up to 40.7 billion manat in current prices, the State Statistics Committee told Trend on Thursday. The nominal growth of GDP was 18.1 percent.
In the period, GDP per capita was equivalent to 4,499.7 manat or $5,693.7
In the observed period, the non-oil sector was up 8.6 percent while the oil and gas sector was down 7.8 percent.
Total output by all branches of the economy decreased by 3 percent to 27.8 billion manat, including the bigger part - 54.9 percent of the GDP or 22.4 billion manat - as industry's contribution. As for services, the production of added value increased by 6.4 percent against January-October 2010 up to 10.5 billion manat.
In first 10 months of the year, the added value was equivalent to 2.4 billion manat in agriculture, hunting and timber economy (an equivalent to 6 percent of the GDP); 3 billion manat in the sector of construction (7.5 percent); 2.2 billion manat (5.2 percent) in the sector of transport and warehouses; 2.7 billion manat (6.7 percent) in trade and repair of transport vehicles; 676.8 million manat (1.7 percent) in the sector of communications and information; 529.1 million manat (1.3 percent) in the field of tourists accommodation and public nutrition; and 4.4 billion manat (10.8 percent) in the field of provision of public and other services.
Foods and import net taxes increased by 7.5 percent up to 2.4 billion manat or 5.9 percent of the GDP.
The official exchange rate on November 17 is 0.7865 AZN / USD