OREANDA-NEWS. December 11, 2009. Following 2008 non-oil GDP growth (+15.7%) exceeded for the first time the rise of country’s overall GDP (10.8%) due to tendency started last August. But since August 2008 this tendency has not been observed more.

The Central Bank of Azerbaijan (CBA) reports that by 1st November 2009 country’s non-oil GDP made AZN 12.029 bn (including AZN 1.35 bn in October versus AZN 1.17 bn in September, AZN 1.186 bn in August, AZN 2 bn in July, AZN 1.3 bn in June, AZN 827.5 million in May, AZN 1.015 bn in April and AZN 1.469 bn in March of 2009) that is by 1.1% more versus the indicator by 1st November 2008 (AZN 11.098 bn).

At the same time for Jan-Oct 2009 overall GDP made AZN 26.647 bn (including AZN 3.22 bn in October, AZN 2.799 bn in September, AZN 3.29 bn in August, AZN 3.048 bn in July, AZN 2.9 bn in June, AZN 2.37 bn in May, AZN 2.25 bn in April and AZN 2.88 bn in March 2009) with 8.3% growth (the indicator was AZN 32.54 bn by 1st November 2008).

For Jan-Oct 2009 non-oil GDP declined to 45.1% of overall GDP versus 45.57% in September, 46.06% in August, 47.9% in July, 46.99% in June, 47.4% in May, 50.74% in April, 52.6% for Jan-March 2009 and 38.81% for 2008.

This October non-oil GDP was 42% of overall GDP versus 41.96% in September, 36.04% in August, 65.7% in July, 45.2% in June, 34.9% in May, 45% in April, 50.98% and 59.4% in February of the year.

Non-oil GDP growth exceeded overall GDP rise for the last 12 months successively (August, September, October, November, December of 2008, and Jan-Jul of 2009).

Exchange rate by early November 2009 was AZN 0.8032 to the US dollar. According to this rate, non-oil GDP reached \\$14.976 bn.