BAKU, Azerbaijan, June 12
By Eldar Janashvili – Trend:
Azerbaijan’s gross domestic product (GDP) decreased by 1.7 percent from January through May 2020 compared to the same period of 2019, and amounted to 27.5 billion manat ($16.2 billion), Trend reports citing the Azerbaijani State Statistics Committee.
Added value decreased by 1.2 percent in the oil and gas sector of the economy and by 2.1 percent in the non-oil sector.
In the structure of GDP, 37.7 percent accounted for industry, 11.2 percent - for trade and repair of vehicles, 7.5 percent - for transport and storage, 5.5 percent - for construction, 4.8 percent - for agriculture, forestry and fisheries, 2.1 percent - for hospitality and catering, 1.7 percent - for information and communications, 18.9 percent - for other sectors, while net tax revenue from product imports amounted to 10.6 percent of GDP.
The country’s GDP per capita amounted to 2,759.9 manat ($1,623.4).
(1 USD = 1.7 manat on June 12)
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