Azerbaijan’s GDP volume exceeded 11.54 billion manats in January-February, up by 1.3% YoY, according to a report of the State Statistics Committee.
The volume of GDP per capita stood at 1,178.7 manats.
In January-February the volume of GDP produced in the non-oil sector of the country increased by 2.3%, while no growth was observed in the oil and gas sector as compared to January-February 2017.
Thus, 48.3% (almost 5.57 billion manats) of Azerbaijan’s GDP accounted for industrial sphere, 6.2% (715.57 million manats) – for construction, 2.7% (311.62 million manats) – for agriculture, forestry and fishery.
Net taxes on production and import accounted for 6.6% of Azerbaijan’s GDP.
According to the report, 9.6% of the GDP (1.1 billion manats), produced in the service sector, accounted for trade and maintenance of vehicles, 6.5% (almost 750.2 million manats) – for transport and warehousing, 2.6% (nearly 300.1 million manats) – for accommodation of tourists and catering, 1.6% (184.66 million manats) – for information and communication services, 15.9% (1.8 billion manats) – for other services. (Trend/Business World Magazine)
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