$144.4bn invested in Azerbaijan since 1995, minister
Baku, June 23 (AZERTAC). Thanks to the determined socioeconomic policy implemented in Azerbaijan, the country’s GDP has grown 3.4-fold and per capita GDP threefold.
Thanks to the determined socioeconomic policy implemented in Azerbaijan, the country’s GDP has grown 3.4-fold and per capita GDP threefold over the past decade.
The statement came from Minister of Economic Development Shahin Mustafayev speaking at the conference “Identifying outcomes of national consultations in Azerbaijan in period after 2015”.
The minister also said that the volume of producing capacities in Azerbaijan has risen 2.8 times over the past decade and the state budget revenues have grown by 19 times while the budget deficit did not top 1% of the GDP.
“Thanks to the good investment climate created in the country, $144.4bn has been invested in Azerbaijan since 1995. In general, the volume of investments in nonoil sector of the country has risen 18.7 times and domestic investments 22.1 times over the past decade”, he said.
He said that these achievements have created a favorable ground for the active step to address poverty in the country. According to him, the poverty rate in 2012 stood at 6% against 46.7% over 2002.
“Thus, we have already reached the goal set by 2015”, the minister said.
He noted that the number of jobs created in the country has ropped 1,100 of which 869 are in the regions.
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