Azerbaijan’s GDP ups by 1.1 percent
Azerbaijan's GDP increased by 1.1 percent for nine months of 2012 and hit 39.8 billion manat over the same period of last year, the State Statistics Committee said.
Nominal GDP growth for Jan.-Sept. amounted to 2 percent compared to the same period of last year. The volume of GDP per capita was 4.340.2 manat ($5.522.6).
Value added production in the non-oil sector increased by 10.3 percent to 50.3 percent of GDP over the same period of last year, but decreased by 6.9 percent in the oil sector.
The total volume of production in all sectors of the economy decreased by 1.1 percent and amounted to 26.7 billion manat in January - September.
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