Azerbaijan’s non-oil GDP ups by 11.3 percent
Azerbaijan, Baku, July 16 / Trend A. Hasanov /
Azerbaijan's GDP increased by 1.5 percent for the first six months of 2012 and hit 25.9 billion manat at current prices over the same period of last year, the State Statistics Committee told Trend on Monday.
Nominal GDP growth for the first half of this year amounted to 3.5 percent compared to the same period of last year. The volume of GDP per capita was 2,828 manat ($3.597.5).
Non-oil sector increased by 11.3 percent to 52.2 percent of GDP compared to the same period of previous year.
The added value in agriculture, fisheries and forestry hit 1.17 billion manat, or 4.5 percent of GDP, the construction sector - 2.39 billion manat (9.2 percent), trade and repair of vehicles - 1.8 billion manat (6.9 percent), transport and warehousing - 1.27 billion manat (4.9 percent), communications and information - 431.8 million manat (1.7 percent), tourist accommodation and catering - 350 million manat (1.4 percent), social support and other services - 2.93 billion manat (11.3 percent) in the first six months of the year.
The total volume of production in all sectors of the economy increased by 1.1 percent and amounted to 17.5 billion manat compared to the same period of 2011, where the main part - 53.9 percent of GDP (13.9 billion manat) falls to the industry. The production of value added in services increased by 6.3 percent, reaching 6.79 billion manat compared to the same period of 2011.
Net taxes on products and imports increased by 9.8 percent and amounted to 1.558.4 billion manat, or 6 percent of GDP.
The official exchange rate is 0.7855 AZN/USD on July 16.