BAKU, Azerbaijan, Apr.1
By Zeyni Jafarov - Trend:
The growth rate of the agricultural sector in Azerbaijan is projected at 2.5 percent in 2021, which is 0.6 percentage points more compared to 2019, Trend reports citing the ‘Economic Review of Europe and Central Asia’ report of the World Bank (WB).
According to the WB forecasts, in 2022 and 2023, the growth rates of the agricultural sector in Azerbaijan will reach 3.2 percent.
The WB also expects that the global economy will grow by 4 percent in 2021 if the ongoing COVID-19 vaccination will widely continue throughout the year.
According to the State Statistical Committee of Azerbaijan, from January through February 2021, the volume of agricultural production in Azerbaijan in actual prices amounted to 669.3 million manat ($393.7 million), which is 2.3 percent more compared to the same period of 2020.
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