Azeri GDP slightly up
Azerbaijan’s gross domestic product amounted to 40.7 billion manats (over $52.1 billion) in January-October 2011, 0.3 percent over the same period of 2010.
Per capita GDP made up 4,500 manats ($5,693) in the first ten months of 2011, according to the State Statistics Committee.
Non-oil GDP grew 8.6 percent, while oil sector GDP decreased 7.8 percent.
The World Bank predicts Azerbaijan’s economic growth at 4.2 pct in 2011 and 4.1 pct in 2012, while the European Bank for Reconstruction and Development (EBRD) – at 3 pct both in 2011 and 2012, and the International Monetary Fund (IMF) – at 2.8 pct and 2.5 pct respectively. Asian Development Bank (ADB) predicts that the Azerbaijani economy will grow 5.8 pct in 2011 and 2012.
The Azerbaijani government says the country’s GDP is expected to increase 0.9 pct in 2011 and 5.7 pct in 2012.
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