TODAY.AZ / Business

Industry grows by 36.6% in Azerbaijan

18 January 2007 [00:53] - TODAY.AZ
Industrial production grew by 36.6%, year-over-year, to AZN 14.4bn in Azerbaijan during 2006.

The State Statistical Committee told the APA that it is the peak in the history of industry.

Real growth of the industry more than doubling during the past four years reached the top indicators of the world.

56.9% of the added value was made by industry sector.

Industrial growth was 56.4% in engineering, 44.7% in mining, 21.3% in furniture industry, 20.6% in electronic engineering, 14.9% in chemical industry, 9.1% in metallurgy industry, 4% in foodstuffs industry, 3.1% in cellulose-paper industry, 2.3% in oil production and so on.

Non-state sector production rose by 54% to 76% in the total production of the country. The proportion of state sector was 23.3% in the industrial production 3.9% up from last year. The share of private sector was 76.7%, 51% up from last year.


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