Azerbaijan's economy grew by more than 7% in the 4Q of last year
Azerbaijani economy grew by 5.6% in real terms in 2021, according to the preliminary data, Baku Tribune reports.
Azerbaijani economy grew by 5.6% in real terms in 2021, according to the preliminary data, Baku Tribune reports.
According to the calculations held by APA-Economics based on the information of the State Statistics Committee, real GDP in the country increased by 7.5% in the fourth quarter of last year in comparison to the same quarter in 2020.
Notably, calculations held by APA-Economics on the basis of the main scenario of the latest forecast of the Ministry of Economy of Azerbaijan on real GDP (average price of $ 50 per barrel), forecasted that in the fourth quarter of 2021, the country's GDP would grow by 5.6-5,9%. Last year's actual real GDP growth rate (5.6%) exceeded the forecast of the Ministry of Economy (5.1%).
The Rocket and Artillery formations of the Azerbaijan Army conduct live-fire exercises in accordance with the combat training plan for 2021, the Ministry of Defense of Azerbaijan told Baku Tribune.
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