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Azerbaijan sees growth in non-oil sector

Business Materials 18 October 2015 12:40 (UTC +04:00)
Azerbaijan’s GDP stood at 40.7 billion manats in Jan.-Sept. 2015, or 3.7 percent more than in the same period of 2014.
Azerbaijan sees growth in non-oil sector

Baku, Azerbaijan, Oct.18
By Anvar Mammadov - Trend:

Azerbaijan's GDP stood at 40.7 billion manats in Jan.-Sept. 2015, or 3.7 percent more than in the same period of 2014, said the report from the country's State Statistical Committee.

The non-oil sector has increased by 6.4 percent compared to Jan.-Sept. 2014 and its share in the country's GDP totaled 68.8 percent, or 10.3 percentage points more than in the same period of 2014.

The volume of value-added production in the sphere of oil and gas production and processing stood at 31.2 percent of GDP, or 0.1 percent less than a year earlier.

During the reporting period, 54.25 percent of Azerbaijan's GDP was formed in the spheres of production: 34.2 percent (13.93 billion manats) - industry, 13.5 percent (5.48 billion manats) - construction, 6.5 percent (2.66 billion manats) - agriculture, forestry and fish farms.
Net taxes on products and import accounted for 7.5 percent of the country's GDP.

The report said that 37.25 percent of the gross output was created in the service sector.

Moreover, 10.1 percent of GDP (4.09 billion manats) formed in the service sector, accounted for the trade and repair of vehicles, 5.7 percent (2.3 billion manats) - transport and warehousing, 2.6 percent (1.07 billion manats) - tourist accommodation and catering sphere, two percent (801.8 million manats) - information and communication services, 17.9 percent (7.3 billion manats) - other services.

The volume of value-added production in the construction sector increased by six percent in Jan.-Sept. of 2015, compared to the same period of 2014, tourist accommodation and catering - 15.1 percent, trade and repair of vehicles - 11.4 percent, information and communication services - 8, 8 percent, industry, transport and warehousing - 0.4 percent, other services - 3.8 percent, agriculture, forestry and fish farms - 6.7 percent.
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