Non-oil sector rise exceeded overall growth of Azerbaijani economy 14.2 fold in January-February
Baku, Fineko/abc.az. This January –February Azerbaijan’s non-oil sector kept its status of economy “engine”: rise in it exceeded general economic growth 14.2-fold versus 94 fold for entire 2011.
The Azerbaijani State Statistics Committee informs that by 1st March 2012 country’s non-oil GDP totaled AZN 3.412 bn that is by 7.1% more versus the January-February 2011 indicator.
At that, for the reported period country’s overall GDP totaled AZN 8.001 bn with rise of 0.5%.
In February non-oil GDP (AZN 1.555 bn) was equal to 39.8% of overall GDP and in January-February- 42.6% of overall GDP versus 48.3% for 2011.
Exchange rate by early March 2012 was AZN 0.786 to the US dollar. According to this rate, non-oil GDP still reaches $4.341 bn in 2012 against $30.729 bn in 2011.
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