Azerbaijan's economic growth makes 1.1%

Thu 14 June 2018 10:24 GMT | 14:24 Local Time

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In January-May 2018, the Gross Domestic Product (GDP) made up AZN 29,294,000,000, up 1.1% from previous year, said a statement from the State Statistical Committee.

The value added increased by 7.6% in the non-oil sector, by 0.3% in oil and gas sector.

At the same time, 48.8% of the value added was formed in industry, 9.9% in trade and repair of transport facilities, 6.1% in transport and storehouse, 6.7% in construction, 3.5% in agriculture, forestry and fishery, 2.6% in tourist accommodation and catering, 1.6% in information and communication and 13.8% in other spheres.

Net taxes to product and import made up 7% of GDP. The per head GDP amounted to AZN 2,991.1.

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