Azerbaijan, Baku, Aug .13 / Trend N.Ismayilova /
Azerbaijan's GDP increased by 1.1 percent or 267.9 million manat in January-July 2011 compared to the same period of 2010, the Azerbaijani State Statistics Committee reported.
The current price GDP indicator reached 26.5 billion manat. GDP per capital hit 2.936.5 manat ($3.708.2).
The non-oil sector increased by 8.5 percent and hit 13.1 billion manat, and the oil and gas sector decreased by 5.9 percent.
The total production volume declined by 1.9 percent in all sectors of the economy and amounted to 17.67 billion manat, from which 53.4 percent of GDP (14.2 billion manat) fall to industrial production. In services with manufacturing value added, an increase of 6.9 percent was seen, compared to Jan.-July 2010, reaching 7.26 billion manat.
Value added worth 1.6 billion manat was generated in agriculture, hunting, and forestry sectors -6 percent of GDP, the construction sector - 1.9 billion manat (7.3 percent), transport and storage economy - 1.6 billion manat (6.2 percent), telecommunications and postal services - 451.2 million manat (1.7 percent), social and other services - 2.9 billion manat (11.1 percent), trade and repair of vehicles - 1.9 billion manat (7.1 percent).
The official exchange rate is 0.7866 manat to $1.