Non-oil sector jumps by almost 8 percent
The total GDP of Azerbaijan amounted to 4.4 billion manat in
January 2014, which exceeds the figure for the same period last
year by 0.8 percent, the State Statistics Committee of Azerbaijan
reported .
The GDP per capita amounted to 465.6 manat ($593.6 dollars) in
January, according to the report.
During the reported period, 60.4 percent of GDP in Azerbaijan
was formed in the areas of production, 50.1 percent - in industry,
7.8 percent - in construction, 2.5 percent - in agriculture,
forestry and fish farms. Some 39.6 per cent of gross output was
created in the service sector.
Net taxes on products and imports made up 6.7 percent of the GDP in
Azerbaijan.
7.8 percent of GDP originating in the service sector accounted
for trade and repair of vehicles, 7.8 percent - transportation and
warehousing, 2.1 percent - tourist accommodation and catering, 1.8
percent - information and communication services, 15.6 per cent -
social and other services.
Non-oil sector grew 7.7 percent compared to the same period of last
year, its share of GDP was 53.8 percent. Value added taxes in the
sphere of oil and gas extraction and processing fell by 6 per cent.
The value added volume of production in oil and gas extraction and
processing fell by 6 per cent.
The value added production volume of in the construction sector grew by 18.9 percent, tourist accommodation and catering - 15.7 percent, trade and repair of vehicles - 9.3 per cent, information and communication services - 3.6 percent, agriculture, forestry and fish-breeding farms - 3.3 percent, transport and warehousing - 5.5 per cent, social and other services - 3.6 percent in Azerbaijan in January, 2014 compared with the same period last year.
The official exchange rate for Feb. 17 was 0.7844 AZN / USD.