However, production level of oil products decreases though the oil fields reached production opportunities, UN report on "social and economic review on Asia and Pacific Ocean Region – 2011" informed.
According to report, the oil-gas sector in Azerbaijan makes 55% of GDP and over 80% of income from export and GDP development decreased to 5% in 2010.
"Non-oil sector developing via investments mainly in infrastructure and trade and services sphere play an important role in development of economy. Industrial sector rose 2.6% and retail sale rose 8.8% in 2010. Agriculture sphere demonstrates abundance", said the report.
According to report, the government expenditures are high, but financial situation so soft.
According to report, the oil-gas sector in Azerbaijan makes 55% of GDP and over 80% of income from export and GDP development decreased to 5% in 2010.
"Non-oil sector developing via investments mainly in infrastructure and trade and services sphere play an important role in development of economy. Industrial sector rose 2.6% and retail sale rose 8.8% in 2010. Agriculture sphere demonstrates abundance", said the report.
According to report, the government expenditures are high, but financial situation so soft.
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