OREANDA-NEWS. November 18, 2009. The State Statistics Committee of Azerbaijan informs that for Jan-Oct 2009 country’s GDP reached AZN 26.647 bn (US33.309 bn in accord with average rate of AZN 0.8 to the US dollar) that is by 8.3% more against Jan-Oct 2008 GDP figure (AZN 34.379 bn).

Under the governmental forecast for 2009, GDP is expected to be AZN 43.635 bn with growth of 18.9%, and real GDP for Jan-Oct totaled 61.1% of the 2009 forecast and rate growth was by 10.6% less. In 2008 Azerbaijan’s GDP totaled AZN 38.005 bn (US 46.348 bn on average rate for the reported period AZN 0.82 to the US dollar) that is by 10.8% more versus GDP in 2007 (AZN 28.36 bn).

For Jan-Oct 2009 GDP per capita totaled AZN 3,021.1 (US 3,757.6) that is by 6.9% more than the 2008 same term index. In October this figure rose by AZN 363.4 (US 452) compared to this year’s Jan-Sept indicator (AZN 2,657.7 or US 3,305.6).

The forecast of this index for 2009 is AZN 5,040.6 (US 6,300.8). GDP deflator index for Jan-Oct 2009 made -28.5% versus +26.7% for Jan-Oct 2008. The deflator forecast for 2009 is -0.7%.

In 2008 GDP per capita totaled AZN 4,439 (US5,403). The forecast of this index for 2008 was AZN 4,805 (US 5,884). GDP deflator index for 2008 made 20.9% and the deflator forecast for 2008 is 26.4%.

For Jan-Oct 2009 added value in manufacture made AZN 13.309 bn (49.9% of GDP), in agriculture AZN 1.631 bn (6.1%), construction AZN 2.17 bn (8.2%), transport AZN 1.65 bn (6.2%), communications AZN 540.3 million (2%), wholesale and retail trade AZN 11.843 bn (6.9%), social services AZN 23.156 bn (11.9%).

For Jan-Oct 2009 the share of production sector in GDP structure was 64.2% (AZN 17.1 bn) with added value growth of 9.6% (the growth is given in comparable prices as this sector’s added value for Jan-Oct 2008 was AZN 25.078 bn), the share of services 28.1% (AZN 7.482 bn) with added value rise of 6.7% (for Jan-Oct 2008 GDP in sector of services made AZN 6.96 bn), and net production and import taxes 7.7% (AZN 2.05 bn) with drop of 0.1% although added value for last year’s same term in that sector was AZN 2.34 bn.

For Jan-Sept 2009 country’s nominal GDP declined by 22.5% versus the 2007 relevant period.

The SSC also informs that for the reported term the share of non-oil sector in GDP structure rose by 10.6 points against the compared period of 2008 and reached 45.1%, while oil sector’s share was at the level of 47.2%.