Azerbaijani media reports that the Azerbaijani government expects GDP growth to hit 5.3 percent or 56.1 billion manat in 2013, this is stated in the draft concept of Azerbaijani socio-economic development for 2013 and the next three years, prepared by the Ministry of Economic Development and published on the website of the Finance Ministry.
According to the government forecasts, the share of oil sector in the country’s GDP will continue to decline. It will hit 38.6 percent in 2013 compared to 43.4 percent in 2012, 33.7 percent – in 2014, 31.4 percent – in 2015, 29.4 percent – in 2016.
The share of non-oil GDP in the country’s economy will increase. It will hit 61.4 percent in 2013 compared to 56.6 percent in 2012, 66.3 percent – in 2014, 68.6 percent – in 2015, 70.6 percent – in 2016.
