Azerbaijan's GDP slightly decreases
BAKU, Azerbaijan, Aug.14
By Eldar Janashvili - Trend:
Azerbaijan's GDP decreased by 2.8 percent from January through July 2020 compared to the same period last year and slightly exceeded 40 billion manat ($23.53 billion), Trend reports citing data from the State Statistics Committee of Azerbaijan.
In the oil and gas sector of the economy, value added decreased by 1.6 percent, and in the non-oil sector - by 4.5 percent, said the committee.
In the structure of GDP, 35.3 percent fell on industry, 11.2 percent - on trade and repair of vehicles, 7.5 percent - on transport and warehousing, 7.1 percent - on agriculture, forestry and fish farming, 6.3 percent - on construction, two percent - on information and communication, 1.4 percent - on hotel business and catering, 19 percent - on the share of other sectors of the economy, and net tax revenues from imports of products amounted to 10.2 percent of GDP.
GDP per capita amounted to 4,015.1 manat ($2,361.82).
Follow the author on Twitter: @eldarjanashvili