Azerbaijan’s economy rose by 2.8 percent in January
Azerbaijan, Baku, Feb. 15 / Trend I.Khalilova /
In January 2013, Azerbaijan's GDP grew by 2.8 percent compared to the same period last year, amounting to 4.5 billion manat, according to a report of the State Statistical Committee released on Friday.
Nominal GDP growth was at 0.77 percent. GDP per capita totaled 484.2 manat ($616.9).
Production of added value in the non-oil sector grew by 8.8 percent over the year, amounting to 2.2 billion manat, or 49.6 percent of GDP, and fell by 2.1 percent in the oil and gas sector.
Total production in all sectors of the economy grew by 0.8 percent compared to January 2012 and totaled 2.78 billion manat, of which 53.7 percent of GDP (2.404 billion manat) falls on the industry. Production of added value in the services sector increased by 5.9 percent to 1.319 billion manat compared to the same period in 2012.
In January, production of added value in the agriculture, fisheries and forestry was 104.5 million manat, or 2.3 percent of GDP, in the construction sector - 276.4 million manat (6.2 percent), in trade and in repair services of vehicles - 349.4 million manat (7.8 percent), in transport and warehousing - 247.2 million manat (5.5 percent), in communications and information - 76.1 million (1.7 percent), in the field of accommodation and catering - 83 million (1.9 percent), in social and other services - 563.5 million (12.6 percent).
Net taxes on products and imports increased by 9.3 percent, amounting to $ 370 million manat, or 8.3 percent of GDP.
The official exchange rate for Feb. 15 is 0.7847 AZN / USD.