Natig Amirov: Azerbaijan's economic growth is 2 times higher than global average

"The current level of economic growth in Azerbaijan (6.2% per year) is twice as high as the world average growth forecast for this year," said Natig Amirov, assistant to the President - head of the Department of Economic Policy and Industrial Affairs of the Presidential Administration, Report informs.

"While the International Monetary Fund (IMF), the World Bank (WB), and the Organization for Economic Cooperation and Development have predicted the slowdown of economic growth in the world, in the first six months of this year, economic growth in Azerbaijan accelerated and reached 6.2%. Therefore, Azerbaijan increases its special weight in the world economy. Economic growth in our country was rather innovation-oriented, mainly covering the non-oil industry, transport and information, as well as communication services.

Industrialization and digitalization in Azerbaijan exceed the world average by 2-3 times. Broader application of bio, physical and digital technologies covered by the IV industrial revolution, strengthening of human capital, increasing the efficiency of management, and at the same time, the 18.5% increase in the funds directed to the fixed capital in the non-oil sector in the first six months of this year are the factors determining economic growth," he said.