Macro-economic indicators of economic and social development of the country in first half of 2014

In the first half of 2014 production of Gross Domestic Product (GDP) compared to corresponding period of last year increased by 2.1% and formed 28.7 milliard manat. 46.0% of GDP were created in the field of industry, 10.7% in construction complex, 10.3% in trade and paid service fields, 5.2% in transport, 1.6% in information and communication enterprises, 4.4% in agrarian unit, 14.7% in other fields. On average per capita in amount of 3063.3 manat (3905.2 US dollars) value added was produced and it increased by 0.8% compared to the corresponding of last year.
56.3% of value added was produced in non-oil sector and it increased by 7.0% compared January-June of last year and it decreased by 3.9% in oil-gas sector.
In the first half of 2014 in amount of 16.9 milliard manat or less than 2.4% compared with the corresponding period of last year industrial products were produced by industrial enterprises and natural entities engaged in this field. 12.3 milliard manat or 72.9% of products was produced in mining sector, 21.2 million tons oil and 9, 1 milliard cubic metre marketable gas was extracted.
During six months in the processing sector of industry in amount of 3.6 milliard manat industrial products were produced. Output of food production in this unit increased by 2.4%, production of tobacco products (60.3%), production of clothing (30.9%), production of ready metal products (7.0%), production of construction materials (16.8%), production of electronic equipment (30.2%), production of automobile and trailers (38.0%), production of other transport means (2.9 times), production of furniture (17.2%), production of jewelry, music, sport and medical equipment (60.2%), installation and maintenance of machine and equipment (11.2%). In amount of 2.4 milliard or 1.7 percent more than the same period last year industrial products were produced in non-oil processing industry.
5.4% or 912.0 million manat of industrial products were produced in the sector of production, distribution and supply of electricity, gas and steam.10.8 milliard kWh produced electricity was 3.2 percent higher than the level of previous year.
Production output in the sector of water supply, treatment and processing of waste was increased by 4.1%.
Production output in non-oil sector of industry increased by 4.2% and it decreased by 3.4% in oil-gas sector.
Spring field activities in the agrarian sector were finished. Till the 24th of June sowing of spring plants were carried out in sowing area with 357.8 thousand hectare, as well as, in the sowing area with 28.0 thousand hectare - grain and grain legumes, in the sowing area with 36.9 thousand hectare – maize for grain, in the sowing area with 76.0 thousand hectare – vegetable, in the sowing area with 61.7 thousand hectare – potato, in the sowing area with 22.9 thousand hectare – cotton, in the sowing area with 28.0 thousand hectare – market garden crops, in the sowing area with 5.7 thousand hectare – sugar beet, in the area with 11.7 thousand hectare – sunflower for grain, in the sowing area with 1109 hectare – tobacco and others have been planted. Sowing area of spring crops decreased by 5.2 thousand hectare compared to last year, sowing area of grain and grain legumes 5.3 thousand hectare, sowing area of maize for grain 1.7 thousand hectare, sowing area of vegetable 1.2 thousand hectare, sowing area of potato 3.6 thousand hectare, as well as, sowing area of sunflower increased by 2.4 thousand hectare, sowing area of sugar beet 240 hectare.
Along with conducting spring field works the agricultural workers had begun to collect the products of their own cultivation. Till the 4th of July excluding maize 1778.6 thousand tons winter and spring grain and grain legumes harvest were gathered. More than 273.5 thousand tons harvest was gathered compared to corresponding period of last year.
260.7 thousand tons potato, 342.4 thousand tons vegetable, 90.8 thousand tons fruit and berry, 44.2 thousand tons market garden crops, 58.6 tons tobacco, 230.4 tons green tea leaves were gathered from fields.
Head number of livestock increased by 1.0% compared to the corresponding period of last year and reached to 2724.1 thousand head, number of sheep and goat increased by 1.1% and reached to 8841.2 thousand head. During this period more than 1.9% or 220.7 thousand tons (in live weight) meat, more than 3.1% or 929.2 thousand tons milk, more than 12.2% or 768.8 million units egg, more than 2.1% or 15.0 thousand tons wool were produced.
Compared first half of last year production of plant-growing products increased by 10.1%, production of cattle breeding – 3.0% and completely production of all agricultural products 5.8%.
In amount of 7625.9 million manat or more than 3.4% compared to the corresponding period of 2013 allocation were used for the implementation of construction works in the country from all financial sources to fixed assets. 5296.4 million manat of allocation directed to fixed assets were used in construction-assembly works and in the comparable period it increased by 10.7%. 67.9% or 5179.3 million manat of fixed assets was spent to the construction of production facilities, 5.4 milliard manat or 70.7% of allocation directed to the fixed assets was formed domestic investments and it was less than 2.3% compared to the level of last year and foreign investment was 20.5% higher.
At the result of construction works carried out in the complex some production and social facilities were given into use. During six months following production and non-production facilities were put into operation: dwellings with total area 824.6 thousand square metre, secondary schools with 2640 places for pupils, pre-school institutions with 672 places, hospital with 200 beds, in Baku city - new administrative-academic complex of National Conservatory, new buildings of Central Library of Azerbaijan National Academy of Sciences and “Azerbaijan National Encyclopedia” science center, building of National Institute of Sports Medicine, Diagnostics and Rehabilitation, Health Centre, National Gymnastics Arena, in Nakhchivan Autonomous Republic - Arpachay -2 Hydroelectric Power Station, Water-storage Reservoir and Water Treatment Complex, Youth Centre, in Sumgait city - Azerbaijan Paper and Cardboard Factory, Oil Factory, Copper Processing Plant, in Ganja city Metal Casting and Continuous Rolling, Pressure Processing and Dying Plants, in Agdash region - Food and Fruit Processing Plants, "Aghdash" Electrical substation, in Goy-Gol region - Olympic Sport Complex, Youth Centre, in Gabala region - first stage of “Tufan” Alpine Skiing Summer and Winter Recreation Complex, in Shamakhi region - “Shamakhi Palace Platinum By Rixos” hotel and others.
In the current year from state budget in amount of 5374.8 million manat allocation was considered for the construction activities in the country and 2641.5 million manat of allocation was used.
During January - June 107.9 million tons or more than 2.4 % compared to corresponding period of last year cargo and 867.6 million persons or more than 5.8% passengers were conveyed by natural entities engaged in the field of automobile transport and transport enterprises. 2.4% of cargos were transported by railway, 57.1% by automobile transport, 4.5% by sea transport, 29.0% by pipeline and 87.3% of passengers were conveyed by automobile, 12.5% by metropolitan.
During six months of current year in amount of 722.4 million manat services were rendered to population, enterprises and organizations by information and communication enterprises. Volume of information and communication services increased by 12.6% compared to January-June, 2013, 72.4% of services were rendered to population and 78.2% of received income was share of non-state sector.
According to the data of State Customs Committee during January-May in amount of 13.0 milliard dollars trade operations were implemented with 133 foreign countries. 9.0% or 1164.4 million dollars of trade relations were carried out with CIS member countries, 91.0% or 11.8 milliard dollars with other countries.
During five months in amount of 9.5 milliard dollars product was exported, 310.2 million dollars of it sent to CIS member countries, 96.7% or 9169.1 million dollars was share of customers of other foreign countries.
During five months export of non-oil products was decreased by 11.0%.
In this period volume of imported products to the country was formed 3509.9 milliard dollars. Value of imported products from other foreign countries was 2655.7 million dollars and 854.2 million dollars from CIS member countries.
46.4% of foreign trade turnover were carried out with European Union countries, 9.0% with CIS member countries, 44.6% with other foreign countries.
Thus, during five months volume of goods exported from the country was higher for 2.7 times than the value of goods imported to the country and in amount of 5969.4 million dollars positive balance was created.
Taking into account the data of reports received from AIOC and State Oil Company commodity turnover with foreign countries was formed 17.2 milliard dollars, as well as, export 13.7milliard dollars and positive balance was 10.2 milliard dollars.
During January-May the country received in amount of 30.5 million dollars humanitarian and technical aids.
In the first half of 2014 income of population increased by 4.7% compared to corresponding period of last year and reached to 17.8 milliard manat and income on per capita increased by 3.3% and reached to 1895.0 manat. 70.2% of income was used to final consumption, 9.2% - to the payment of taxes, social insurance and membership dues, 18.0 % to the growth of deposits and capitals.
During January-May average monthly salary/wage of employees increased by 6.5% and reached to 438.1 manat. Salary/wage of persons engaged in industry, construction, transport and etc. were higher and during January-May average monthly salary/wage of persons engaged in industry was 707.9manat, salary/wage of persons engaged in construction complex – 618.3 manat.
During six months in amount of 10.1 milliard manat consumer goods was purchased by population from consumer market and in trade for rendered services in amount of 2982.5 million manat was paid. Commodity turnover increased by 8.9% compare to January-June, 2013, as well as, selling of non-food products (15.5%), volume of paid services (6.9%).
In the first half of 2014 in amount of 1190.8 thousand manat non-food products and 124.0 thousand manat food products were sold to buyers by e-trade turnover.
In June compared to May prices and service tariffs of consumer goods decreased by 1.2%, as well as the prices of food products (2.9%), prices of non-food products (0.1%) and service tariffs increased by 0.2%. During January-June compared to the corresponding period of 2013 prices of consumer goods and service tariffs increased by 1.6%, as well as, prices of food products (1.2%), prices of non-food products (3.6%), service tariffs (0.3%).
According to the data of Ministry of Finance in January-May in amount of 8.0 milliard manat allocations were received by the state budget and in amount of 7.4 milliard manat allocations were spent and in amount of 654.5 million manat or as far as 2.8% of GDP surplus were created. 3.5 milliard manat or 47.2% of expenses of budget were directed to development of economy, 837.3 million manat (11.4 %) to social defense and social security, 717.6 million manat (9.7 %) to education and health.
Sum of credits presented by financial and credit institutions reached to 16.6 milliard manat till the 1st of June and increased by 23.8% compared to the 1st June of last year. 13.0 milliard manat of given credits were long-term credits, 905.0 million manat - payment was expired.
Compared to the last year volume of deposits by population increased by 12.8% and for the state of 1 June it reached to 6.6 milliard manat. Sum of deposits with national currency was 4.2 milliard manat and deposits with foreign currency 2.4 milliard manat.
In June average exchange rate of manat for 1 US dollar was 0.78 manat, 1 Euro – 1.07 manat, 100 Russian rouble – 2.28 manat and during January-June correspondingly it was equal to 0.78, 1.08 and 2.24 manat.
For the state of 1 June, 2014 country population size reached to 9520.3 thousand persons and since the beginning of the year it increased by 43.2 thousand persons or 0.5%.