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Azerbaijan’s non-oil sector grows by 10.4 per cent

Business Materials 17 October 2013 17:08 (UTC +04:00)
From January-September 2013, the Azerbaijani GDP amounted to 42.7 billion manat, which exceeds the figure in the same period of 2012 by 5.4 percent.
Azerbaijan’s non-oil sector grows by 10.4 per cent

Azerbaijan, Baku, October 17/Trend, E. Aliyev/

From January-September 2013, the Azerbaijani GDP amounted to 42.7 billion manat, which exceeds the figure in the same period of 2012 by 5.4 percent, a message from the State Statistics Committee published on Thursday said.

According to the message, GDP per capita has increased by 4.1 per cent to 4,606.7 manat ($5871.4) in a year.

During the reporting period, some 63.6 per cent of the Azerbaijani GDP was formed in production, about 46.5 per cent in industry, 11.3 per cent in construction, 5.8 per cent in agriculture, forestry and fishing. About 29.9 per cent of the gross product was created in the service sector.

Net taxes on production and imports amounted to 6.5 per cent of the Azerbaijani GDP.

According to the message, some 23.9 per cent of GDP produced in the service sector fell to the trade and repair of vehicles, 18.8 per cent to transport and warehousing, 7.1 percent to placement of tourists and catering, 5.7 per cent to information and communication services, 44.5 percent to social and other service spheres.

The message of the State Committee for Statistics said the non-oil sector grew by 10.4 percent compared to the same period of 2012 and its share in the country's GDP amounted to 55.9 per cent. The volume of production of value added in the sphere of oil and gas production and processing didn't change compared to the same period of 2012 and amounted to 44.1 per cent of GDP.

The volume of production of value added in the sphere of construction in Azerbaijan increased by 30 percent from January-September 2013 compared to the same period of 2012, placement of tourists and catering 18.8 per cent, trade and repair of vehicles 9.6 per cent, information and communication services 7.1 per cent, forestry and fishery 4.9 per cent, transport and warehousing 4.9 per cent, social and other services 3.9 per cent.

The official exchange rate on October 17 is 0.7843 AZN/USD.

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