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Azerbaijan reveals GDP data for 11M2020

Finance Materials 11 December 2020 15:34 (UTC +04:00)

BAKU, Azerbaijan, Dec. 11

By Fidan Babayeva - Trend:

The gross domestic product (GDP) of Azerbaijan decreased by 4.3 percent from January through November 2020, compared to the same period of 2019, amounting to 64.7 billion manat ($38.05 billion), Trend reports citing the Azerbaijani State Statistics Committee.

According to the committee, value-added in the oil and gas sector of the economy decreased by 2.9 percent, and in the non-oil sector - by 6.5 percent from January through November 2020.

In the mentioned period, GDP per capita made up almost 6,480 manat ($3,811), a decrease of 11.3 percent year on year.

The volume of Azerbaijan's GDP amounted to 58.5 billion manat ($34.4 billion) from January through October 2020 which is 3.8 percent less than in the same period of 2019.

(1 USD = 1.7 manat on Dec. 11)

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Follow the author on Twitter: @Fidan_Babaeva

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