Azerbaijan`s share in region`s economy tops 70 pct
BAKU – Azerbaijan’s share in the South Caucasus region`s economy has increased 19.5 percent to 71.5 percent in the past ten years, the government estimates.
Whereas in 2001-2003 the figure was 52 pct, it rose to 54 pct in 2005, reached 60 pct in 2006, 63 pct in 2007, 67 pct in 2008, 71 pct in 2009, and 71.5 pct in 2010, the Economic Development Ministry told AssA-Irada.
The share of Georgia, a neighboring South Caucasus republic, in the region’s economy decreased 13.5 pct in the last decade, falling from 29 pct in 2001 to 15.5 pct in 2010.
As for Armenia, another regional country, its share decreased 7 pct to 13 pct last year.
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