President Ilham Aliyev: In 2013 our economy continued to develop
Baku, January 12 (AZERTAC). “The biggest momentum for the development of our country is provided by economic power. Azerbaijan has made great strides in deepening the economic reform. If we had not created such a strong economy, I am sure we could not achieve any of these successes in the international arena or in the region. In 2013 our economy continued to develop. The gross domestic product grew by almost 6 per cent. This is a very high indicator,” said President Ilham Aliyev in a meeting of the Cabinet of Ministers to discuss results of the country`s socio-economic development in 2013 and outline tasks for 2014.
The President said: “If we consider that GDP growth in most countries of the world constitutes half a per cent, 1 per cent and 1.5 per cent these days, the increase of the gross domestic product by about 6 per cent is a great result. It is particularly gratifying that our non-oil sector grew by 9.8 per cent. In other words, it has increased by almost 10 per cent, which is a result of the reforms carried out in recent years. The reforms have provided that. Currently we are implementing major programs to ensure further development of the non-oil sector. They will be implemented in the coming years too. I am sure that we will keep this momentum. Cash incomes of the population grew by 8 per cent and inflation was only 2.4 per cent. This is also a great indicator. Population incomes exceed the inflation more than three times. This gives grounds to say that the welfare of citizens is improving and the positive dynamics is manifested here as well.”
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