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Azerbaijan's Nakhchivan records industrial production value growth in 1Q2021

Business Materials 12 April 2021 23:52 (UTC +04:00)
Azerbaijan's Nakhchivan records industrial production value growth in 1Q2021

BAKU, Azerbaijan, April 12

By Fidan Babayeva - Trend:

The industrial production in Azerbaijan’s Nakhchivan Autonomous Republic (AR) from January through March 2021 amounted to over 257 million manat ($151.1 million), Trend reports referring to the report of Nakhchivan’s State Statistics Committee.

At the same time, the growth of industrial production made up 1.2 percent compared to the same period of last year.

The industrial production in the Nakhchivan Autonomous Republic amounted to 1.04 billion manat ($611 million) in 2020, which is 1.4 percent more than in 2019.

Investments in fixed assets in the republic last year from all financial sources amounted to 1.04 billion manat ($611 million), which is 1.1 percent more than in 2019.

The GDP of the Nakhchivan AR amounted to 2.9 billion manat ($1.7 billion) in 2020, which is by 1.1 percent more than a year earlier.

(1 USD = 1.7 AZN on Apr.12)

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Follow the author on Twitter: @Fidan_Babaeva

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