Azerbaijan’s GDP volume reached around 6.05 billion manats in January 2018, up by 2% YoY, according to a report of the State Statistics Committee.
The volume of GDP per capita stood at 618.5 manats.
In January the volume of GDP produced in the non-oil sector of the country increased by 3.9%, while a decline of 0.5% was observed in the oil and gas sector as compared to January 2017.
Thus, 48.4% (almost 2.93 billion manats) of Azerbaijan’s GDP accounted for industrial sphere, 6% (365.3 million manats) – for construction, and 2.7% (160.6 million manats) – for agriculture, forestry and fishery.
Net taxes on production and import accounted for 7% of Azerbaijan’s GDP.
According to the report, 9.6% of the GDP (583.4 million manats), produced in the service sector, accounted for trade and maintenance of vehicles, 6.5% (390.2 million manats) – for transport and warehousing, 2.5% (152.6 million manats) – for accommodation of tourists and catering, 1.5% (93.6 million manats) – for information and communication services, and 15.8% (952.9 million manats) – for other services. (Trend/Business World Magazine)