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Tag Archives: Non-oil sector

Non-oil sector growth projected in Azerbaijan


As a result of the measures taken in Azerbaijan, it is projected that the non-oil sector will grow 3.9 percent, Economy Minister Shahin Mustafayev said at the plenary session of the Azerbaijani parliament Nov. 13. “Considering the changes taking place in the global economy and the economic situation in our …

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The Economy of Azerbaijan in 2015

GDP per capital and dynamics

Introduction In 2015, the expansion of the US economy accompanied with improved employment rates led the FED to switch to contractionary monetary policy. On the other hand, the second largest economic power-China encountered a lower long-term economic growth rate with a fall in exports, and thereby adversely affecting global economic activity. Moreover, the …

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