Azerbaijan, Baku, Sept. 11 / Trend A.Akhundov /
Factors driving economic growth in Azerbaijan are changing, according to the country's government.
"In the process of development, qualitative changes are underway. Economic growth factors are changing. This year, the country's economic growth was not related to the oil sector. Next year, economic growth will also be supported by the non-oil sector," a government source told Trend.
He said that under the primary macroeconomic forecasts of the government of Azerbaijan for 2013, the GDP growth rate in the coming year will exceed five percent, non-oil sector will grow by more than nine percent.
"The country's leadership set the goal of doubling GDP in the next ten years. According to our calculations, for this non-oil sector of the economy needs to grow by an average of just over seven percent per year," the source said.
However, he said, over time, the growth rate of non-oil sector of the economy will naturally decline.
The Azerbaijani government increased its forecast in terms of GDP by 3.5 billion manat by late 2012 within the adjustment of predicted parameters of the Azerbaijani state and consolidated budgets for 201.
GDP in 2011 increased by 0.1 per cent compared to 2010 in the first quarter of this year, 0.5 per cent compared to the same period of 2011.
The official exchange rate is 0.7852 AZN to $1 on Sept. 11.