AZERBAIJAN MAINTAINS STRONGEST GDP GROWTH IN CIS

06.11.2009 [12:09]
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Baku, November 6 (AZERTAC). Azerbaijan`s Gross Domestic Product grew 6.1 percent in the nine months of 2009, putting the country ahead of other countries of the Commonwealth of Independent States, according to a CIS Statistical Committee report.

Kyrgyzstan is second with 2.9 percent economic growth, while Tajikistan is third with 2.7 percent, according to official figures.

The report revealed other CIS countries saw their economies fall, with Armenia suffering a sharpest fall of 18.3 percent.

Russia saw its GDP decline 11.8 percent since the beginning of the year, while Kazakhstan`s and Belarus` economies fell 3.2 and 0.3 percent respectively.

Azerbaijan also recorded the fastest growing industrial output of 5 percent the first nine months of the year, while other CIS states saw their output fall, according to the official figures.

The report said Ukraine`s industrial output fell 28.4 percent, while Moldova`s 24.3 and Russia`s 13.5 percent respectively. Armenia saw its industrial output decline 11.4 percent, the report said.

AZERBAIJAN MAINTAINS STRONGEST GDP GROWTH IN CIS

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