• $
  • €
  • ₽
  • ₺
  • £
ALL NEWS Political News Society Culture Business Sport World Photo Video
Categories Business

Azerbaijan GDP falls 3.8 pct y/y in 2016 - stats committee

Azerbaijan GDP falls 3.8 pct y/y in 2016 - stats committee
19.01.2017 09:30
Azerbaijan's gross domestic product shrank by 3.8 percent year on year in 2016, the country's state statistics committee said on Wednesday.

The energy-rich former Soviet republic's economy has been hurt by weak global oil prices, which have also pressured its manat currency.

The Azeri Economy Ministry said in October the economy would contract by 2.8 percent in 2016, dramatically revising down its previous forecast, which was for gross domestic product to grow 1.8 percent last year.



www.ann.az
Similar news
Similar news
Azerbaijan announces annual inflation
Business 16:13
Azerbaijan announces annual inflation
President: Energy sector - traditionally a leading sector of Azerbaijan's economy
Business 10:00
President: Energy sector - traditionally a leading sector of Azerbaijan's economy
Azerigaz: Azerbaijan’s Khankandi supplied with natural gas
Business 15:30
Azerigaz: Azerbaijan’s Khankandi supplied with natural gas
Azeri Light oil price slightly down
Business 13:30
Azeri Light oil price slightly down
Ilham Aliyev: Five hydro-power plants to be built on liberated lands in 2022
Business 19:14
Ilham Aliyev: Five hydro-power plants to be built on liberated lands in 2022
Central Bank of Azerbaijan raises discount rate
Business 14:00
Central Bank of Azerbaijan raises discount rate
Mevlut Cavusoglu: Pashinyan promises to visit Turkey
Business 16:00
Mevlut Cavusoglu: Pashinyan promises to visit Turkey
Azeri oil price nears $94
Business 14:00
Azeri oil price nears $94
Azerbaijani oil price settles above $90
Business 13:30
Azerbaijani oil price settles above $90
Anews TV

Our official Youtube channel

Subscribe

Latest news

Society 18:00
President Ilham Aliyev congratulates Azerbaijani people on Ramadan holiday
Society 17:30
Azercell launches a special campaign on OPPO smartphones ahead of Novruz
Business 17:15
ABB eSIM Service Launched!
Business 17:05
Kapital Bank Hosts “Smart Money Talks” Session for School Students
Business 17:03
Subscription to ABB Bank Bonds Successfully Completed!
Business 17:00
Gold prices have increased
Society 16:57
Discover the world during the Novruz holiday with Bakcell roaming!
Business 16:30
Azerbaijan posts $487.7 mln trade surplus in January 2026
Society 16:00
Azercell and the National Paralympic Committee visited Children’s Home No. 3
World 15:30
Pashinyan reiterates: Declaration of Independence a ‘declaration of conflict and dependence
Business 15:00
Brent crude price exceeds $116
Political News 14:30
Ilham Aliyev, Shavkat Mirziyoyev express concern about situation in Middle East
Business 14:00
Azerbaijan’s transport and storage sector sees 2.6% growth in Jan-Feb 2026
Business 13:40
Stay supported this holiday with Yelo Bank’s special schedule
Society 13:30
Azerbaijan police solve 85 crimes in one day, interior ministry says
More news
Aliyev, Erdogan and Pashinyan hold joint discussion in Prague
16:23

Aliyev, Erdogan and Pashinyan hold joint discussion in Prague

Photo
To the loving memory of Azad Khalilov - PHOTOS
17:58

To the loving memory of Azad Khalilov - PHOTOS

Photo
Turkish, Iraqi foreign ministries hold political consultations
17:27

Turkish, Iraqi foreign ministries hold political consultations

Photo
16:30

"Freedom for Misha!" inscriptions appear in key Georgian cities

Photo
Azerbaijani MP calls Musavat and APFP “traitors” — VİDEO
17:30

Azerbaijani MP calls Musavat and APFP “traitors” — VİDEO

Video
Los Angeles Police deny Armenian lobby’s allegations - VİDEO
10:06

Los Angeles Police deny Armenian lobby’s allegations - VİDEO

Video
Luis Suarez sends emotional message of support to cancer sufferer
12:31

Luis Suarez sends emotional message of support to cancer sufferer

Video
Horrors in India's Dairy Industry
12:02

Horrors in India's Dairy Industry

Video