GDP in Azerbaijan
Azerbaijan - GDPAzerbaijan’s economy ended the second quarter on a whimper, after having slowly but surely crept closer to expansionary territory since the beginning of the year. The Statistical Institute’s economic activity indicator contracted 1.3% over the first six months of the year, while non-oil GDP growth slowed although it did remain positive. The aggravation in the country’s economic performance is largely due to a sharp slowdown in exports growth, while performance of both industrial production and retail sales remained broadly stable compared to the previous month. As a result of the economy’s poor performance, the government’s fiscal deficit widened to end the first half of the year. On a somewhat brighter note, the number of delinquent loans grew at a softer pace in Q2, which is welcome news for the country’s ailing banking sector.
Azerbaijan - GDP Data
|Economic Growth (GDP, annual variation in %)||2.2||5.8||2.8||1.1||-3.8|
5 years of economic forecasts for more than 30 economic indicators.
Azerbaijan GDP Chart
|Exchange Rate||1.73||0.03 %||Aug 17|
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