Azerbaijan’s GDP volume reached 25.34 billion manats in January-May, down by 0.9% YoY, according to a report of the country’s State Statistics Committee.
GDP volume per capita reached 2610,3 manats.
Meanwhile, the volume of Azerbaijan’s non-oil GDP rose by 2.3% in January-May as compared to the same period of 2016.
The volume of Azerbaijan’s GDP in the oil and gas sector decreased by 6.5% in January-May.
Thus, 44.1% (11.185 billion manats) of Azerbaijan’s GDP accounted for industrial sphere, 8.3% (2.091 billion manats) – for construction, 3.3% (848.4 million manats) – for agriculture, forestry and fishery.
Net taxes on production and import accounted for 7.1% of Azerbaijan’s GDP.
According to the report, 10.9% of the GDP (2.751 billion manats), produced in the service sector, accounted for trade and maintenance of vehicles, 7.3% (1.853 billion manats) – for transport and warehousing, 2.7% (694.8 million manats) – for accommodation of tourists and catering, 1.8% (447.7 million manats) – for information and communication services, 14.5% (3.677 billion manats) – for other services. (Trend/Business World Magazine)
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