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GDP to comprise 70.5bn manats in 2006, economic development minister

Business Materials 2 August 2005 17:03 (UTC +04:00)

In accordance with the forecast of the Economic Development Ministry, GDP of Azerbaijan will make up 70.5 billion manats in 2006 with 30.5% economic growth, Farhad Aliyev, the Economic Development Minister, told Trend.

Industrial production growth will comprise 56%, non-oil sector вЂ" 13%. The average salary in Azerbaijan will make up to $165, incomes and expenditure of the population will increase by 30%.

The Minister noted that the Ministry and its establishments will unify their figures soon. The National Bank of Azerbaijan will submit inflation forecast for 2006, as well as forecast on exchange of manat in regard to USD.

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