Azerbaijani GDP growth for first 11 months at 4.5 percent - statistics

The mercantile expansion in Azerbaijan in a initial eleven months of this year was 4.5 percent as well as was approaching to climb by4.7 percent to 4.8 percent by a finish of a year, officials pronounced upon Sunday.

"The GDP prolongation in a nation by a finish of 2010 is approaching to grow by 4.7-4.8 percent," pronounced Arif Veliyev, authority of a Azerbaijani State Statistics Committee.

The Azerbaijani census data arch attributed a year-end progress to a relatively high non-oil GDP expansion in between January as well as November, which amounted to 6 percent.

However, there was a decline in food prolongation in Azerbaijan, by 8-9 percent, as well as a grain prolongation declined by as much as 25 percent, Veliyev said.

The supervision of Azerbaijan has likely a expansion of 6.6 percent for this year as well as 4.5 percent for 2011.

The World Bank, however, has likely a 5.2-percent expansion for Azerbaijan in 2010. The UN body likely a 9-percent GDP expansion for a nation in 2011.

Before a current tellurian financial as well as mercantile crises, Azerbaijan posted a 10.8-percent expansion in 2008.

The Azerbaijani statistical office pronounced which a country's acceleration would strech 5.6 percent to 5.7 percent, after carrying averaged 5.5 percent for a initial eleven months of this year.

Source: Xinhua


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