Nation’s economy sees 0.8 pct growth

Azerbaijan's GDP in January-September 2018 amounted to almost 57.76 billion manats, which is 0.8 percent more than in the same period of 2017, the report of the State Statistics Committee said.

The volume of GDP produced in the non-oil sector of Azerbaijan increased by one percent compared with January-September 2017, while in the oil and gas sector there was an increase of 0.5 percent.

Growth was observed in all sectors of the economy, except construction sector. Thus, the sphere of transport and warehousing increased by 7.7 percent, tourist accommodation and catering - by 7.6 percent, information and communication services - by 7.7 percent, agriculture, forestry and fishery - by 4.3 percent, trade and repair of vehicles - 2.7 percent, industry - by 1.6 percent, other areas - by 0.4 percent. The construction sector decreased by 15.9 percent.

In the structure of Azerbaijan’s GDP, 45.94 percent (almost 26.53 billion manats) were formed in the industry, 6.3 percent (3.6 billion manats) in construction, 5.7 percent (3.3 billion manats) in rural , forestry and fisheries.

As many as 9.5 percent of GDP (5.5 billion manat) produced in the services sector accounted for trade and repair of vehicles, 6.4 percent (3.7 billion manats) - transport and warehousing, 2.5 percent (1.4 billion manats) - accommodation of tourists and catering, 1.6 percent (895.7 million manats) - information and communication services, 14.4 percent (8.3 billion manats) - other services.

Net taxes on products and imports amounted to 7.9 percent of Azerbaijan’s GDP (almost 4.6 billion manat).

The volume of GDP per capita amounted to 5,889.2 manats.