Azerbaijan’s GDP volume reached almost 72.4 billion manats in January-November, up by 1% YoY, the State Statistics Committee reported.
The volume of GDP per capita stood at 7,378.5 manats.
In January-November, the volume of GDP produced in the Azerbaijani non-oil sector increased by 1.3%, while in the oil and gas sector there was an increase of 0.3%.
During the reporting period, except for the construction sector, growth was observed in all spheres of the economy. Thus, the sphere of transport and storage grew by 7.9%, accommodation of tourists and catering – by 7.6%, information and communication services – by 9.2%, agriculture, forestry and fisheries – by 4.6%, trade and repair of vehicles – 2.7%, industry – by 1.3%, and other areas – by 0.7%.
The construction sector decreased by 14.9%.
Thus, 45.2% (almost 32.76 billion manats) of Azerbaijan’s GDP accounted for industrial sphere, 6.8% (4.9 billion manats) – for construction, and 5.4% (3.9 billion manats) – for agriculture, forestry and fishery.
Net taxes on production and import accounted for 8% (almost 5.76 billion manats) of Azerbaijan’s GDP.
According to the report, 9.3% of the GDP (6.7 billion manats), produced in the service sector, accounted for trade and maintenance of vehicles, 6.4% (4.58 billion manats) – for transport and storage, 2.3% (1.65 billion manats) – for accommodation of tourists and catering, 1.5% (1.1 billion manats) – for information and communication services, and 15.1% (10.97 billion manats) – for other services. (Trend/Business World Magazine)