Average GDP growth in Azerbaijan 13 pct in 10 years
In 2003-2012, the average annual GDP growth in Azerbaijan totalled 13 per cent, and in the non-oil sector - 10.6 per cent, Prime Minister Artur Rasizade said during a discussion of the government's report on last year's outcomes in the parliament on Friday.
"In 2003-2012, capital investments increased by 7.3 times, the economy has grown more than three-fold and investments in the economy amounted to $132 billion," Rasizade said.
According to him, during the reporting period the state budget increased 19-fold, strategic currency reserves by 29-fold, lending to the economy by 20.5 times, income of population by 6.9-fold, average monthly salary by 6.3 times and average pensions by 6.4 times. During this period, over one million jobs were created and the poverty rate declined from 44.7 per cent to 6 per cent.
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