Azerbaijan ahead of neighbors on GDP ‘many fold’
BAKU – Azerbaijan surpasses neighboring Georgia and Armenia on the gross domestic product many fold, a senior Azerbaijani lawmaker has said.
Shamsaddin Hajiyev, a parliamentary committee chairman, also said the fast-growing South Caucasus republic’s GDP is predicted to reach $50 billion next year.
Azerbaijan’s budgetary figures are considerably above those of
Georgia and Armenia as well. Hajiyev said that whereas its 2011
budget revenues are estimated at $18.75 billion, the figure is only
$4.5 billion in Georgia and $3bn in Armenia.
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