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Azerbaijan’s GDP up 5 pct

19 January 2011 11:18 (UTC+04:00)
Azerbaijan’s GDP up 5 pct

BAKU – Azerbaijan’s Gross Domestic Product increased 5 percent in 2010 in comparison with last year to reach 41.6 billion manats ($52 billion), the State Statistics Committee estimates.

Per capita GDP made up 4,653 manats ($5,797), 3.7 pct over 2009.

In 2011, the government forecasts economic growth at 3.8 pct, while the International Monetary Fund predicts GDP growth at 1.8 pct and the Asian Development Bank at 3.5 pct.

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