Nominal GDP growth hits 19 percent in Azerbaijan per year
Azerbaijan, Baku, Dec. 15 / Trend N.Ismayilova /
Azerbaijan's GDP increased by 0.2 percent in January-November 2011 compared to the same period of 2010. The figure hit 45.5 billion manat, the Azerbaijani State Statistics Committee told trend on Wednesday. Nominal GDP growth hit 19 percent.
The GDP per capita amounted to 5.026.3 manat ($6.362.4).
The share of the non-oil sector increased by 9.5 percent during the year and hit 21.5 billion manat. The oil and gas sector reduced by 9.1 percent.
The manufacturing value added in services increased by 6.4 per cent, amounting to 11.7 billion manat compared to January-November 2010.
The total production volume in all sectors of the economy decreased by 3.3 percent and hit 31.1 billion manat, with 54.9 percent of the GDP (24.96 billion manat) accounting for industry.
Agriculture, hunting and forestry provided 2.6 billion manat for 11 months, or 5.6 percent of the non-oil sector GDP. Construction provided 3.5 billion manat (7.8 percent), transportation and warehousing - 2.4 billion manat (5.2 percent), trade and repair of vehicles - 3.1 billion manat (6.7 percent), communication and information - 751.7 million manat (1.7 percent) and social and other services - 4.99 billion manat (11 percent).
Net taxes on products and imports increased by 7.9 percent and amounted to 2.4 billion manat, or 5.9 percent of GDP.
The official exchange rate is 0.7863 manat to $1.