Over the past 7 - 8 years, a three-fold increase in real GDP was registered in Azerbaijan.
The statement came from First Deputy Prime Minister of Azerbaijan Abid Sharifov at the joint meeting of the 47th Council of Heads of Administrations of the Regional Commonwealth in the Field of Communications (RCC) and the 18th Coordinating Council of CIS Member States on Informatization attached to RCC, being held in Baku.
According to him, during this period industrial sector increased 4-fold, agriculture – 1,3-fold, the construction sector - 3,1-fold, transport and ICT- 3-fold.
"Since 2004, investments in Azerbaijan's economy from all financial sources reached USD 102bn, 49.8% of which accounted for domestic investment.
During this period, USD 38.1bn was invested in the oil and gas sector. More than USD 60bn was invested in the non-oil sector of the economy, including the financial," said Sharifov.
He noted that during the reporting period, Azerbaijani population incomes increased 5.3-fold, the average salary - 4.7-fold, the minimum wage - 10.4-fold, while the poverty rate fell from 44.7% to 7.6% following 2011.
He said that during this period there was an increase in the business sector, and the number of businesses doubled.
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