World Economy

Azeri Economy Declines

Azeri Economy DeclinesAzeri Economy Declines

In January-April 2017, the gross domestic product made up AZN 20,139,800,000 ($11.81 billion), down 1.2% from previous year, said a statement from the State Statistical Committee, reported. The decline was caused by decrease in production and processing of oil. At the same time, 44.6% of the value added was formed in industry, 11% in trade and repair of transport facilities, 7.3% in transport and storehouse, 8.2% in construction, 3% in agriculture, forestry and fishery, 2.9% in tourist accommodation and catering, 1.7% in information and communication and 14% in other spheres.


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