Promoting a Lasting Partnership
Between Azerbaijan and America
Like us on Facebook Follow us on Twitter Watch our YouTube Channel Subscribe to our RSS Feed
Make A Donation
info@azerbaijanamericaalliance.org1101 Pennsylvania Avenue, NW, Suite 600, Washington, DC 20004T +1 202.756.4544F +1 202.756.7554

Spotlight Article

Azerbaijan’s Economic Growth Accelerates to 2.8% in January

Zulfugar Agayev
February 15, 2013

Azerbaijan’s economy expanded 2.8 percent in January compared with 0.8 percent a year earlier, the State Statistics Committee said.

The non-oil economy grew 8.8 percent, while production of crude and natural gas fell, the Baku-based committee said today on its website.

The Caspian Sea nation pumped 3.8 million metric tons of oil in January, down 3.1 percent from a year earlier. Production of marketable gas fell 4.7 percent to 1.5 billion cubic meters, it said.

Consumer prices grew 0.8 percent as service prices rose, the committee said.

Azerbaijan’s gross domestic product rose 2.2 percent last year, compared with 0.1 percent in 2011. The inflation rate slowed to 1.1 percent from 7.9 percent.

View Original Article »

« Back to Spotlight Articles

© 2015 Azerbaijan America Alliance
This material is distributed by Azerbaijan America Alliance Corporation on behalf of our Board of Directors.  Additional information is available at the Department of Justice, Washington, D.C.
Palm Tree Creative