GDP in Azerbaijan
Azerbaijan - GDPThe economy was mired in deep recession last year mainly as a result of low global oil prices, according to monthly GDP data released by the country’s statistical office. Data for December point to a steep contraction of 3.8% in 2016. Plunging investment levels, particularly in construction, and stagnating industrial production coupled with tightening public spending were the main culprits behind the economy’s halting performance. The manat’s volatility and a shortage of dollars due to low oil revenues exacerbated the situation in the second half of the year.
Azerbaijan - GDP Data
|Economic Growth (GDP, annual variation in %)||0.1||2.2||5.8||2.8||1.1|
5 years of economic forecasts for more than 30 economic indicators.
Note: Annual variation of gross domestic product (GDP) in %.
Azerbaijan GDP Chart
|Exchange Rate||1.74||-1.97 %||Feb 16|
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