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SSC: Azerbaijan's GDP may grow by 3.4% in 2013

Business Materials 18 January 2013 19:19 (UTC +04:00)

Azerbaijan, Baku, Jan.18 / Trend A. Akhundov /

Azerbaijan's GDP may grow by three to four percent in 2013, chairman of the State Committee for Statistics Arif Veliyev told Trend on Friday.

In January-December 2012, Azerbaijan's GDP grew by 2.2 percent compared to the year before, amounting to 53.9 billion manat in current prices.

Nominal GDP growth rate last year was at 3.6 percent. GDP per capita totaled 5,884.5 manat ($7,490.5).

Value-added production in the non-oil sector has increased by 9.7 percent, compared to 2011, reaching 52.7 percent of GDP (compared to 48.8 percent in 2011), and in the oil and gas sector has decreased by five percent to 47.3 percent of GDP.

In 2012, in the non-oil sector GDP grew by 11.7 percent, in the areas of tourist accommodation and catering - by 18.8 percent, construction - by 18 percent, information technology and communications - by 15.9 percent, trade and repair services of cars - by 9.6 percent, agriculture, forestry and aquaculture - by 5.8 per cent, social and other services - by 5.4 percent, transport and barn facilities - by five percent.

50 percent of GDP accounted for the manufacturing sector, 5.2 percent - for agriculture, forestry and aquaculture, 9.2 percent - for the construction industry, 8.4 percent - for trade and paid services, 5.5 percent - for the transport sector, 1.7 percent - for the communications sector, and 6.2 percent - for net taxes on products and imports.

The official exchange rate on Jan. 18 is 0,7848 AZN / USD.

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