Azerbaijan’s economy expanded by 5.8 percent last year, faster than in 2012 when gross domestic product grew 2.2 percent, Finance Minister Samir Sharifov told a cabinet meeting on January 9.

Per capita GDP rose to $8,000, Sharifov said. Non-oil industries soared almost 10 percent. 

Inflation was 2.4 percent.

In total, 28 billion manat ($35.7 billion) was invested in the economy. State capital investment also increased to a record high (7 billion manat), the minister said.

President Aliyev declared 2014 a Year of Industry.

ANN.Az