Azerbaijan’s GDP volume reached almost 43.48 billion manats in January-July, up by 0.2% YoY, according to a report of the State Statistics Committee.
The volume of GDP per capita stood at 4,436.3 manats.
In January-July the volume of GDP produced in the non-oil sector of Azerbaijan increased by 0.9%, while in the oil and gas sector there was a decrease of 0.8%.
During the reporting period, except for the construction sector, growth was observed in all spheres of the economy. Thus, the sphere of agriculture, forestry and fisheries grew by 6.5%, accommodation of tourists and catering by 7.4%, transport and storage by 8.2%, information and communication services by 7.1%, trade and repair of vehicles by 2.6%, industry by 0.6%, and other areas by 0.2%.
The construction sector decreased by 17.9%.
Thus, 46.9% (almost 20.41 billion manats) of Azerbaijan’s GDP accounted for industrial sphere, 6.4% (2.78 billion manats) – for construction, and 5.4% (2.34 billion manats) – for agriculture, forestry and fishery.
Net taxes on production and import accounted for 8% of Azerbaijan’s GDP.
According to the report, 9.6% of the GDP (4.19 billion manats), produced in the service sector, accounted for trade and maintenance of vehicles, 6.4% (2.8 billion manats) – for transport and warehousing, 2.5% (1.09 billion manats) – for accommodation of tourists and catering, 1.6% (675.6 million manats) – for information and communication services, and 13.2% (5.73 billion manats) – for other services. (Trend/Business World Magazine)