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IMF Publicizes Forecast Macroeconomic Indices for Azerbaijan up to 2012

Business Materials 21 June 2007 11:18 (UTC +04:00)

Azerbaijan, Baku / corr Trend I.Khalilova / According to forecasts by the International Monetary Fund (IMF), an increase in GDP in currency prices will make up 33.2% in 2008 compared to 37.5% in 2007, states an IMF report as a result of the Review on Article 6 of the Agreement established by the IMF.

In 2009 the rise in GDP is expected to reach 16.1%, in 2010 - 8.6%, in 2011 - 5.2% and in 2012 - 7.1%.

In 2008 the IMF forecasts an increase of face value per capita GDP to $4,667 compared to $3,356 in 2007. In 2009 this figure will comprise $5,658, in 2010 - $6,418, in 2011 - $7,051 and in 2012 - $7,886.

At the end of 2008 the consumer price index will rise 15% from 2007, whereas in 2009 - 2012 the annual increase is expected to be 12%.

In 2008 state income will increase by 123% from 2007, in 2009 - 23% and in 2010 - 6.1%. However, in 2011 a drop is forecast at 0.3% and in 2012 - 0.8%.

In 2008 state expenses will rise 35.3% compared to 2007, in 2009 - 30.1%, in 2010 - 25.1%, in 2011 - 25% and in 2012 - 24.9%.

According to IMF's forecasts, in 2008 general investments will make up 20.9% of GDP compared to 24.4% in 2007. In 2009 investments will comprise 22.6% of GDP, in 2010 - 25.8%, in 2011 - 30.5% and in 2012 - 35.5%.

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