Baku 22° C
World Bank: Azerbaijan's transport sector grew by 8.5% last year
Finance
- 08 May, 2018
- 13:08
Add Report.az to preferred Google sources
Stay up to date with the top news!
Baku. 8 May. REPORT.AZ/ Non-oil sector increased by 2.7% last year in Azerbaijan.
Report informs, it is said in new report titled “Cryptocurrencies and Blockchain: Europe and Central Asia Economic Update” of World Bank.
According to the document, the highest growth has been experienced in transport sector among non-oil fields which was by 8.5%. 6.6% rise was in IT sector, 5.9% in tourism and 4.2% in agriculture.
"Dropping of oil prices led to decline of gross domestic products (GDP) by 5%. Annual inflation dropped from 15.6% in 2016 to 7.9% in 2017. The highest price was observed in food products that was by 9.4%".
Author
Latest News
01:40
Photo
Authorities deny alleged hijab ban in Azerbaijani medical facilities
Domestic policy
00:01
23 years since Ilham Aliyev was first elected President of Azerbaijan
Domestic policy
23:47
Slovakia will not join new European loan for Ukraine
Other countries
23:30
Gold prices fall sharply as stronger US inflation boosts dollar
Finance
22:50
Photo
Dinner hosted on behalf of President Ilham Aliyev in honor of participants of 7th CICA Summit
Foreign policy
22:38
President Ilham Aliyev met with President of Tajikistan
Foreign policy
22:36
Two ships sink near Strait of Hormuz after projectile strikes
Other countries
22:08
Photo
President Ilham Aliyev met with President of Uzbekistan - UPDATED
Foreign policy
21:56
Davr Bank renamed ABB Davr Bank as management is restructured
Finance