General economic situation in Azerbaijan (january-september 2013)

Azerbaijan's economy has demonstrated dynamics, stability and sustainability for the first three quarters of 2013.

The Azerbaijani GDP amounted to 42.7 billion manat in January-September 2013, which exceeds the figure in the same period of 2012 by 5.4 percent.

According to the message, GDP per capita increased by 4.1 percent to 4606.7 manat ($5871.4) a year.

During the reporting period, some 63.6 percent of the Azerbaijani GDP was formed in production, about 46.5 percent in industry, 11.3 percent in construction, 5.8 percent in agriculture, forestry and fishing. About 29.9 percent of the gross product was created in the service sector.

Net taxes on production and imports amounted to 6.5 percent of the Azerbaijani GDP.

According to the message, some 23.9 percent of GDP in the service sector fell to the trade and repair of vehicles, 18.8 percent to transport and warehousing, 7.1 percent to tourist accommodation and catering, 5.7 percent to information and communication services, 44.5 percent to social and other service spheres.

The State Statistics Committee said that the non-oil sector increased by 10.4 percent compared to the same period of 2012 and its share in the country's GDP amounted to 55.9 percent. The volume of production of value added in the sphere of oil and gas production and processing did not change compared to the same period of 2012 and amounted to 44.1 percent of GDP.

The volume of production of value added in the sphere of construction in Azerbaijan increased by 30 percent in January-September 2013 compared to the same period of 2012, tourist accommodation and catering 18.8 percent, trade and repair of vehicles 9.6 percent, information and communication services 7.1 percent, forestry and fishery 4.9 percent, transport and warehousing 4.9 percent, social and other services 3.9 percent.

Value added

in mln manat

Special weight, in %

Growth compared to reporting period of last year, %

GDP in total

42748,0

100,0

105,4

production of goods

27184,8

63,6

104,6

including

- industry

19874,9

46,5

100,0

- agriculture

2471,8

5,8

104,9

- construction

4838,0

11,3

130,0

Production of services

12785,8

29,9

106,6

including:

- transport

2403,0

5,6

104,9

- communications

725,0

1,7

107,1

- tourism and public food facilities

906,8

2,1

118,8

- trade and repair

3058,2

7,2

109,6

- social and other services

5692,8

13,3

103,9

Net taxes on products

2777,4

6,5

108,8

Defliator

99,6

Source: State Statistics Committee

The industrial production volume reduced by 1.9 percent in Azerbaijan in September 2013 compared to August. The industrial production volume hit 25.295.8 billion in Azerbaijan in January-September 2013 or by 0.9 percent more than in January-September 2012. The annual growth of industrial production for the first time in 2013 was fixed in June.

The industrial production volume was 2.810.7 billion manat in September 2013 compared to 2.863.8 billion manat in August. The industrial production (8.405.9 billion manat) in the third quarter was equivalent to 100.8 percent of the index for the second quarter (8.336.9 billion manat) and 98.3 percent in the first quarter (8.553 billion manat).

The industrial production volume in the state sector made 4.721.1 billion manat with a 5.2 percent growth in January -September 2013, while in the private sector - 20.574.7 billion manat with a 0.1 percent decline. The public sector share accounted for only 18.7 percent of the total industrial output, while the private sector - 81.3 percent.

The production in the mining industry in January - September (18.796.3 billion manat) amounted to 74.3 percent of total industrial production, in the manufacturing industry (5.050.3 billion manat) - 20 percent, in the power engineering and gas sector - 1.284.7 billion manat or 5.1 percent and the remaining volume (164.5 million manat or 0.6 percent) fell to the water supply, wastewater treatment and solid waste utilization. The decline in the mining industry production increased by 0.3 percent , the growth in the manufacturing sector - 5.3 percent, in the power engineering and gas sector - 0.2 percent, in water supply and waste disposal - 10.8 percent.

The metallurgical industry and fabricated metal product enterprises produced goods and rendered services worth 291.6 million manat in Azerbaijan in January - September 2013. The production volume in the steel industry increased by 0.1 percent, while the production of finished products declined by 49.7 percent compared to the same period of last year.

Gold production growth was ensured by 5.7 percent in January-September 2013, while silver production by 11.4 percent. The country produced 1704.5 kilograms of precious metals in January- September 2013 (268.2 kg in September) or by 7.4 percent more than their production in January-September 2012. The production was 1173.5 kilograms of gold (200.1 kg in September) and 531 kg of silver (68.1 kg) in January -September.

Agricultural output at current prices amounted to 4.438.4 billion manat in Azerbaijan in January - September or by 4.9 percent more compared to the same period of 2012. The growth of crop production was 4.3 percent, livestock production - 5.5 percent.

According to the State Statistics Committee, in January-September 2013, the Azerbaijani trading networks sold consumer goods to the population at 13.867 billion manat, which is 9.6 percent more than in January-September 2012. Legal entities ensured 12.2 percent of trade turnover, individual entrepreneurs - 56.8 percent, fairs and markets - 43.2 percent.

According to the State Statistics Committee, in September 2013, the prices on consumer goods and tariffs on services increased by 0.1 percent compared to the previous month and by 2.3 percent in January-September 2013 in accordance with January-September 2012.

According to the Azerbaijani State Statistics Committee, in January-September 2013, the nominal income of the population totaled 25.393.6 billion manat, which is 7.6 percent more compared to January-September 2012. Thus, during this period, the nominal income of the population per capita increased by 6.2 percent and hit 2.736.5 manat.

As of October 1, 2013, around 36,900 people were officially registered as unemployed in Azerbaijan, including 41.4 percent of women. The number of unemployed in the country increased by 1 percent since early 2013 (36,791 people as of early 2013).

The foreign trade turnover with 144 world countries amounted to $26.13 billion in January-September 2013, or 6.39 percent more than in January-September 2012. The volume of exports increased by 1.51 percent to $18.06 billion compared to the same period of 2012. The volume of import increased by 19.22 percent and hit $8.07 billion. Azerbaijan exported 1,827 products, and imported 5,839 different goods. As of Jan.-Sept. 2013, the nominal index of export exceeded import. This formed the foreign trade surplus to the amount of $9.99 billion.

According to the Azerbaijani State Statistics Committee, around 11.8 billion manat was invested from all financial sources in the development of the economic and social areas of Azerbaijan in January-September 2013, which is by 19 percent more than in the same period of last year. It indicates sustainable investment activity in the country. In particular, around 1.400 billion manat were invested in the Azerbaijani economy in September 2013, which is by 11.3 percent more than investments in fixed assets in September 2012.

The actual revenue in the revenue part of Azerbaijan's state budget amounted to 16.929 billion manat in January-September 2013 or by 648.5 million manta or 4 percent more compared to the same period of 2012.

State budget expenditures increased by 1.755.7 billion manta (13.9 percent) and amounted to 14.399.4 billion manat.

Manat exchange rate remained stable. In September 2013, average rate of manat to the U.S. dollar was 0.78 manat per dollar, to euro - 1.05 manat per euro, to Russian rouble - 2.48 manat per 100 rouble.

WHO Europe hopeful Covid-19 vaccines arrive in Georgia in coming weeks
WHO Europe hopeful Covid-19 vaccines arrive in Georgia in coming weeks
Georgian Railway expects to refinance Eurobonds
Georgian Railway expects to refinance Eurobonds
WHO praises Georgia for curbing Covid-19
WHO praises Georgia for curbing Covid-19
Loading Bars
Latest
Uzbekistan, Belarus agree on increasing permits for road transport of goods for 2021
Rosselkhoznadzor allows number of Uzbek companies to import tomatoes to Russia
Saipem to take part in green hydrogen hub creation in Italy
Kazakhstan announces 2021 oil production plans
Average monthly salary in Baku in 2020 grows
Azerbaijan shares footage from Fuzuli's Yukhary Rafadinli village (VIDEO)
US congressman Steve Cohen issues statement on Khojaly tragedy's anniversary
Kazakhstan to start partial sales of petroleum products through commodity exchanges
Turkmenistan defines tasks for "Single Window for export-import operations"
Kazakhstan to increase oil extraction volumes within OPEC+ agreement
Kazakhstan’s KazTransOil opens tender for wells servicing
Azerbaijan's Aghdam - now huge field of ruins, BBC report says (VIDEO)
Southern Gas Corridor CJSC's needs for cash in 2021 to be fully covered by proceeds from projects
Azerbaijani currency rates for March 5
Uzbek chemical production company to buy technological equipment via tender
Azerbaijani oil prices on the rise
Creator of Tukish 'Bayraktar' UAV talks General, who died in helicopter crash
Uzbekistan reveals its COVID-19 data for March 5
Ceyhan terminal transships over 36 million tons of ACG oil since early 2021
Oil prices surge as OPEC+ extends output cuts into April
Uzbekistan’s fiscal policy to continue supporting economic recovery - Fitch Ratings
Azerbaijani FM extends condolences to Turkey over helicopter crash
Kazakhstan eyes to strengthen interaction with int'l financial organizations
Azerbaijan's Ministry of Ecology plans to implement projects in liberated territories
Azerbaijan records growth in Jan.2021 lending to agricultural sector
Turkmenistan's Balkan region opens tender for recreation center construction
Kazakhstan’s COVID-19 daily case count stands at 857
Turkey reports 11,322 new COVID-19 cases
Official says satisfied with results of human trial of Iranian COVID-19 vaccine
WHO Europe hopeful Covid-19 vaccines arrive in Georgia in coming weeks
Azerbaijani defense minister expresses condolences to Turkish side
China sets modest GDP growth target as economy improves
Kazakhstan may take part in restoration of Azerbaijani liberated lands
Vanuatu, New Caledonia, Tonga evacuate people over tsunami threat
6.5-magnitude quake hits Kermadec Islands region
Uzbek and Belarusian experts to exchange experience in standardization
Italy reports nearly 23,000 new COVID-19 cases as some see "third wave"
5.9-magnitude quake jolts central Greece, no injuries reported
Georgian Railway expects to refinance Eurobonds
UK records another 6,573 coronavirus cases, 242 deaths
Azerbaijan agrees to continue existing oil production cuts in April (PHOTO)
7.3-magnitude quake hits waters off New Zealand
Armenia can also benefit from regional transportation projects if behaves in normal way - President Aliyev
Azerbaijan becomes one of Eurasia's main and reliable transportation, logistics hub - President Aliyev
We invite ECO member states to benefit from “Zangazur corridor” - President of Azerbaijan
We condemn unequal, unfair distribution of vaccines among developing and developed countries - President Aliyev
Now we are looking into future - President Aliyev
Military victory over Armenia on battlefield was also fully accomplished by political ways - President Aliyev
Stronger Turkey is, stronger is Azerbaijan and all its partners - President Aliyev
IAEA chief: Technical meeting with Iran to be held in April
WHO praises Georgia for curbing Covid-19
Belarusian BELAVIA airlines operating one-way flights on Baku-Minsk route
Macron to spare Paris region from weekend lockdown, for now
Kazakhstan determines priorities of foreign policy
Compliance services become more relevant in Azerbaijan - PASHA Bank
Several servicemen killed in military helicopter crash in Turkey
Azerbaijan doing everything to create new transport infrastructure in South Caucasus – Russian analyst
New reality created in South Caucasus - head of department at Istanbul Kadir Has University
Demining of Azerbaijani lands complicated by Armenia’s refusal to provide maps of minefields - Expert
Long-awaited end to Karabakh conflict creates new opportunities - Former US ambassador to Azerbaijan
Azerbaijan shows footage from Kechikli village of Zangilan district (VIDEO)
Azerbaijan interested in strengthening export and investment potential with Argentina
President Aliyev gives speech at virtual Summit of Economic Cooperation Organization (PHOTO/VIDEO)
MFA shares potential sectors of Lithuanian investment in Georgia
Georgian kiwi enters Japanese market
Azerbaijan's ENGINET company talks unique solutions for local market
Kazakh gold extracting venture opens tender to buy spares
Kazakhstan intends to attract funds to improve energy efficiency of facilities
Volume of food products sold in Baku's trade network increases
Georgia shows progress in curbing coronavirus cases - WHO
Azerbaijani Finance Ministry allocates funds for maintenance services
Restaurant business subsidizing program launched in Tbilisi
UK's Johnson says Brexit problems in Northern Ireland are solvable
Supporting Member Country ECAs: ICIEC endorse supportive reinsurance treaty with JLGC
Uztekstilprom, French Proparco talk profitable financing for textile projects
Georgian consulting company launching project for female entrepreneurs
Georgian wine export to US down
Russia and Azerbaijan lead in import of electricity to Georgia
Several low-cost airlines resume flights to Georgia
Azerbaijan-Belarus foreign trade operations for Jan. 2021 revealed
Azerbaijan confirms 124 more COVID-19 recoveries
Kazakhstan increasing control over development of oil and gas fields
State property privatization plan in Georgia surpasses initial plan
Cargo containers to pass through Azerbaijan towards Turkey, Europe - ADY Container
Rehabilitation centers can be established in Azerbaijan's liberated lands - Agency
Azerbaijan discloses number of imported cars in 2020
Uzbekistan’s 1M2021 profit for banks increases
Germany approves AstraZeneca for over-65s
New plant to be commissioned in Baku
Azerbaijan to receive Astra Zeneca vaccine via COVAX mechanism - WHO
Turkmengas opens again tender for operation of video surveillance system
Uzbekistan, Belarus agree to expand range of mutually supplied agricultural products
Uzbek currency rates for March 5
Italian Eni launches implementation of its solar energy project in Kazakhstan
Ensuring security in Karabakh our top priority - Turkish president
Georgia eyes to select new investor for Anaklia port
Creation of Kazakhstan-Azerbaijan Business Council under discussion
Covaxin demonstrates prowess of Atmanirbhar Bharat, says ICMR chief
India, Philippines sign key defence pact, set ball rolling for BrahMos missile sale
Turkey supports Georgia in deepening relations with Euro-Atlantic structures
All news