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GDP rate in Azerbaijan’s Nakhchivan increases

Business Materials 16 March 2020 15:13 (UTC +04:00)

BAKU, Azerbaijan, March 16

Trend:

The volume of gross domestic product (GDP) in Azerbaijan’s Nakhchivan Autonomous Republic amounted to 361.9 million manat ($212.8 million) from January through February 2020, which is 1.1 percent more compared to the same period of 2019, Trend reports referring to the report of the State Statistical Committee of the Nakhchivan Autonomous Republic on March 16.

The GDP per capita increased by 1.8 percent during the reporting period compared to the same period of 2019, and amounted to 786.8 manat ($462.8).

Over the reporting period, the volume of paid services in Nakhchivan amounted to 29.7 million manat ($17.4 million) which is 0.5 percent more compared to the same period of 2019.

(1 USD = 1.7 AZN on March 16)

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