Azerbaijan, Baku / corr. Trend I.Khalilova / According to the International Monitory Fund (IMF)'s report, the review of the 6th article of the Agreement on Establishing IMF, the IMF forecasts the 2007 GDP to increase by 29.1% as compared to31% in 2006.
The oil and gas sector is forecasted at contributing 52.6% to the GDP, as compared to 68.7% in 2006. In 2007, credits allocated to the economy will increase by 61.1% as compared to 2006.
An increase of the GDP, in compliance with current costs, is forecasted at 37.5% for 2007, of which, 52.9% will be come from the oil and gas sector.
The general investments to the GDP are forecasted at 28.4%, and an increase of investment from the private sector to amount to14.6%. Direct foreign investments will decrease by 17.4%.
In 2007, the nominal GDP will make up AZM 24.383bln, the nominal non-oil GDP will make up AZM 10.386bln. At the same time, the nominal GDP per head will reach $3,356.