Economy of Azerbaijan declines by 0,7%

Baku. 16 November. REPORT.AZ/ In January-October, 2017, residents of Azerbaijan produced GDP of 56 481,5 mln AZN, or 0,7% less than in the same period last year.

Report informs citing the State Statistical Committee (SSC).

During this period, the added value in non-oil sector of the economy increased by 2.1% and its share in GDP was 62.7%.The added value in the oil sector decreased by 6.0% compared to the same period last year.

During this period, 40,2% of GDP has been manufactured in the field of industry, 10,2% in trade and repair of transport means, 8,8% in construction, 6,9% in transport and warehousing, 5,8% in agriculture, forestry and fishery, 2,4% in tourist placement and catering, 1,7% in information and communications services, 16,7% in other sectors. The net taxes on production and import have reached 7,3% of GDP.

According to official statistics, GDP per capita was 5 806.7 AZN.