OREANDA-NEWS. December 17, 2009. The State Statistics Committee of Azerbaijan informs that for Jan-Nov 2009 country’s GDP reached AZN 29.65 bn (US 37.067 bn in accord with average rate of AZN 0.8 to the US dollar) that is by 9% more against Jan-Nov 2008 GDP figure (AZN 36.536 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-Nov totaled 68% of the 2009 forecast and rate growth was by 9.9% less. In 2008 Azerbaijan’s GDP totaled AZN 38.005 bn (USD 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-Nov 2009 GDP per capita totaled AZN 3,360.7 (USD 4,181) that is by 7.6% more than the 2008 same term index. In November this figure rose by AZN 339.6 (US 423.4) compared to this year’s Jan-Oct indicator (AZN 3,021.1 or US 3,757.6).

The forecast of this index for 2009 is AZN 5,040.6 (USD 6,300.8). GDP deflator index for Jan-Nov 2009 made -25.5% versus +21.8% for Jan-Nov 2008. The deflator forecast for 2009 is -0.7%.

In 2008 GDP per capita totaled AZN 4,439 (USD 5,403). 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-Nov 2009 added value in manufacture made AZN 15 bn (50.6% of GDP), in agriculture AZN 1.723 bn (5.8%), construction AZN 2.4 bn (8.1%), transport AZN 1.8 bn (6.2%), communications AZN 590.9 million (2%), wholesale and retail trade AZN 2.03 bn (6.8%), social services AZN 3.524 bn (11.9%).

For Jan-Nov 2009 the share of production sector in GDP structure was 64.5% (AZN 19.137 bn) with added value growth of 10.5% (the growth is given in comparable prices as this sector’s added value for Jan-Nov 2008 was AZN 26.303 bn), the share of services 27.9% (AZN 8.27 bn) with added value rise of 6.7% (AZN 7.718 bn), and net production and import taxes 7.6% (AZN 2.246 bn) with drop of 0.2% although added value for last year’s same term in that sector was AZN 2.5 bn.

For Jan-Nov 2009 country’s nominal GDP declined by 18.83% versus the 2008 same term.
The SSC also informs that for the reported term the share of non-oil sector in GDP structure rose by 44.6% against the 2008 relevant period and reached 44.6%, while oil sector’s share was at the level of 47.8%.