Azerbaijan's non-oil economy increases by 7.3%
Baku, Azerbaijan, Sept. 18
By Anvar Mammadov - Trend:
A volume of Azerbaijan's GDP amounted to 36.03 billion manat in January-August 2015 or by 4.2 percent more than in the same period of 2014, the Azerbaijani State Statistics Committee's report as of January-August 2015 said.
The non-oil sector of the economy increased by 7.3 percent compared to the same period of 2014. Its share in the country's GDP hit 68.4 percent or by 10.7 percentage points more than in the same period of 2014. The volume of value added production in the oil and gas extraction and processing hit 31.6 percent of GDP or by 0.1 percent less compared to the same period of 2014.
Some 54.34 percent was formed in the field of production during this period. The value added share generated in industry makes up 34.6 percent (12.47 billion manat), construction was 13.4 percent (4.83 billion manat), agriculture, forestry and fishery was 6.3 percent (2.28 billion manat).
Net taxes on products and imports amounted to 8 percent of Azerbaijan's GDP.
Some 37.66 percent of the gross output was created in the sector of services.
Around 9.9 percent (3.57 billion manat) of GDP in the sector of services accounted for the trade and repair of vehicles, 5.8 percent (2.1 billion manat) - transport and warehousing, 2.8 percent (1 billion manat) - tourist accommodation and catering sphere, 2 percent (709.8 million manat) - the information and communication services, 17.2 percent (6.19 billion manat) - social and other services.
The volume of value added production in Azerbaijan`s construction sector increased by 8.4 percent, tourist accommodation and catering - 16.7 percent, information and communication services - 10.8 percent, trade and repair of vehicles - 11.3 percent, transport and warehousing - 0.2 percent, social and other services - 3.8 percent, agriculture, forestry and fishery - 7.4 percent in January-August 2015 compared to the same period of 2014.
The official exchange rate is 1.0477 AZN/USD Sept. 17.
Edited by CN
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