Azerbaijan’s non-oil GDP ups by 10.3 percent
Azerbaijan, Baku, Oct. 17 /Trend J. Nasibova /
Azerbaijan's GDP increased by 1.1 percent for nine months of 2012 and hit 39.8 billion manat at current prices over the same period of last year, the State Statistics Committee told Trend today.
Nominal GDP growth for Jan.-Sept. amounted to 2 percent compared to the same period of last year. The volume of GDP per capita was 4.340.2 manat ($5.522.6).
Value added production in the non-oil sector increased by 10.3 percent to 50.3 percent of GDP over the same period of last year, but decreased by 6.9 percent in the oil sector.
The added value in agriculture, fisheries and forestry hit 2.4 billion manat, or 6.1 percent of GDP, the construction sector - 3.9 billion manat (9.8 percent), trade and repair of vehicles - 2.7 billion manat (6.7 percent), transport and warehousing - 1.9 billion manat (4.7 percent), communications and information - 684 million manat (1.7 percent), tourist accommodation and catering - 529.1 million manat (1.3 percent), social support and other services - 4.8 billion manat (11.8 percent).
The total volume of production in all sectors of the economy decreased by 1.1 percent and amounted to 26.7 billion manat in January - September compared to the same period of 2011, where the main part - 51.3 percent of GDP (20.4 billion manat) falls to the industry. The production of value added in services increased by 5.7 percent, reaching 10.6 billion manat compared to the same period of 2011.
Net taxes on products and imports increased by 7.7 percent and amounted to 2.474.6 billion manat, or 6.2 percent of GDP.
Official exchange rate on Oct. 17 is 0.7852 AZN/USD.