Baku, Azerbaijan, Oct. 2
By Anvar Mammadov - Trend:
Azerbaijan's real economic growth is expected to reach 3.3 percent in 2015 and the GDP total volume will be 57.2 billion manat, Azerbaijani Finance Minister Samir Sharifov said Oct. 2.
While discussing the draft state budget-2016, Sharifov made this statement at a joint meeting of the Azerbaijani parliamentary committees on economic policy, social policy, agrarian policy, natural resources, power engineering, ecology, and security issues.
The minister said that it is by 1.1 percentage points less than the forecast for 2015.
Sharifov also said that the decline in GDP growth rates would continue until 2019.
The real growth of Azerbaijan's economy was projected at 4.4 percent in 2015, while the GDP volume - at the level of 59.8 billion manat.
According to the government's forecasts, GDP growth rates will hit 1.8 percent in 2016, while the total volume of value added in the amount of 57.7 billion manat.
The non-oil sector growth is projected at 3.4 percent in 2016, while the value added in the oil sector will decrease by 1.7 percent.
The official exchange rate is 1.0483 AZN/USD Oct. 2.
Edited by CN
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