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Azerbaijan’s non-oil economy grows by almost 2%

Business Materials 17 May 2017 21:02 (UTC +04:00)

Baku, Azerbaijan, May 17

By Azad Hasanli – Trend:

Azerbaijan’s GDP volume was almost 20.14 billion manats in January-April 2017 that is by 1.2 percent less than in the same period of 2016, according to a report of the country’s State Statistics Committee.

Meanwhile, the volume of Azerbaijan’s non-oil GDP rose by 1.9 percent in January-April 2017 as compared to the same period of 2016.

About 44.6 percent (8.98 billion manats) of Azerbaijan’s GDP accounted for industrial sphere, 8.2 percent (1.65 billion manats) – for construction, 3 percent (604.19 million manats) – for agriculture, forestry and fishery.

Net taxes on production and import accounted for 7.3 percent of Azerbaijan’s GDP.

According to the report, 11 percent of the GDP (2.2 billion manats), produced in the services sector, accounted for trade and maintenance of vehicles, 7.3 percent (1.47 billion manats) – for transport and warehousing, 2.9 percent (584.54 million manats) – for accommodation of tourists and catering, 1.7 percent (342.4 million manats) – for information and communication services, 14 percent (2.82 billion manats) – for other services.

(1.7022 manats = $1 on May 17)

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