TODAY.AZ / Business

GDP growth for 6 months of current year to make up 16,5% in Azerbaijan

13 July 2005 [09:37] - TODAY.AZ
The Ministry of Economic Development (MED) held sitting of the MED collegium on 12 July, dedicated to the results of the economy development for the first 6 months.
The ED Minister, Farhad Aliyev noted the GDP growth for 6 months of the current year in Azerbaijan, making up 16,5%, Trend reports.

The growth of investments, aimed at the fixed capital was 10,3%. The industrial production growth in the current January-June was 20,1%, the agricultural production – 4,8%.
The average salary in Azerbaijan increased during this period by 25,9% and made up 561,000 manats.  

According to the International Monetary Fund’s (IMF) forecasts, the GDP growth for the current year will be 19% in Azerbaijan.  

Aliyev also noted the success in reducing the population’s poverty index, which makes for the moment 19%, while earlier this indicator was 40,2%.

URL: http://www.today.az/news/business/19948.html

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