ECONOMY


$236 bn invested in Azerbaijan`s economy in 2003-2017, Yagub Eyyubov

Baku, September 7, AZERTACV

Azerbaijan`s first Deputy Prime Minister Yagub Eyyubov has said a total of $236 billion was invested in the country`s economy from all sources in 2003-2017.

He noted that the past 15 years saw high rates of growth in the Azerbaijani economy. “During this period, the GDP grew 3.6 times, while the share of the private sector in the GDP reached 83.8%. The average annual growth rate in the non-oil sector was 8.1 percent,” he said.

"In 2003-2017, the economy saw a 2.6-fold increase in the non-oil industry, and grew 1.8 times in agriculture, 4.9 times in construction, 4.5 times in trade, 20.2 times in tourism, 3.1 times in transport and 14.5 times in communication sectors," the first deputy prime minister added.

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