Macro-economic indicators of economic and social development of the country in the first quarter of 2016

Gross Domestic Product (GDP) for 12588.7 million manat have been produced by the enterprises and organizations and natural entities operating in the country and it was less than 3.5% in comparison with corresponding period of previous year. The main reason of this was decrease in producing of product and services in construction and transport sector compared to the same period previous year. 39.0% of value added produced in industry, 13.3% in trade; maintenance of transport means, 8.4% in construction, 6.7% in transport and warehouse, 3.5% in accommodation of tourists and public catering, 2.8% in agriculture, forestry and fishery, 2.0% in information and communication and 16.0% in other fields. Net of tax to the product and import made up 8.3% of GDP. Volume of GDP on per capita was equal to 1311.6 manat.
Industrial products for 7.0 milliard manat or less than 0.6% compared with the corresponding period of the last year were produced by industrial enterprises and natural entities on January-March, 2016. The main reason of this was decrease in crude oil production by 1.5%, gas production by 7.9% and electricity production by 6.7%, as well as variety of processing industry production. 63.3% of industry product was produced in mining sector, 28.7% in processing sector, 7.2% in distribution and supply on electricity, gas and steam, 0.8% in the sector of water supply, sewerage, waste management and remediation activities.
Production output in mining sector decreased by 1.2%.
Production of food products in processing sector increased by 2.3%, tobacco products by 87.5%, textile industry products by 3.2 times, metallurgical products by 11.5%, production of ready metal products by 80.2%, electrical equipment by 2.3%, computer, electron and optic products by 2.4%, automobile, trailer and semi-trailers by 18.2%, installation and maintenance activities of machine and equipment by 2.4 times and production of beverage decreased by 9.3%, production of clothing by 14.0%, leather and leather products and shoes by 78.1%, wood working and production of products from wood by 18.7%, production of paper and cardboard by 17.2, production of printing products by 4.3%, chemical industrial products by 6.4%, rubber and plastic products by 45.9%, construction materials by 32.6%, machine and equipment by 27.2% and production of furniture by 16.9%.
Production volume in the sector of electricity, gas and steam production, distribution and supply has been decreased by 5.2% and in production output in water supply, sewerage and waste management and remediation activities it was decreased by 4.5%.
Production output in non-oil sector of industry increased by 5.1% and it was decreased by 1.3% in oil sector.
The bulk of produced products were sent to consumers, for the state of April 1, 2016 considering the balance of the previous periods there were ready products in amount of 336.2 million manat in warehouses of industrial enterprises.
In agriculture the works on spring-field is carrying out and till the 1st of April sowing spring crops have been carried out in 120.0 thousand hectare sowing area. During this period in the sowing area with 8.5 thousand hectare grain and grain legumes (excluding maize) have been planted, maize in the area with 1.9 thousand hectare (of which 1.8 thousand hectare for grain), potato - in the area with 28.0 thousand hectare, vegetable – in the area with 25.4 thousand hectare, market garden crops – in the area with 4.8 thousand hectare, sugar-beet – in the area with 3.6 thousand hectare, sunflower for grain in the area with 1.3 thousand hectare, cotton in the area with 1.2 thousand hectare, perennial grasses - in the area with 45.0 thousand hectare and annual grasses in the area with 0.3 thousand hectare.
In the first quarter head number of live-stock compared to the corresponding period of previous year increased by 17.7 thousand head and reached to 2719.6 thousand head, number of sheep and goats increased by 43.6 thousand and reached to 8828.0 thousand head. During the period meat production in live weight increased by 1.8% and it was 111.8 thousand tons, milk production increased by 4.3% and became to 440.9 thousand tons, production of egg increased by 4.3% and became to 407.0 million units.
From the beginning of the year vegetable 15.1 thousand ton or more than 16.0% compared to the corresponding period of the previous year was gathered from the fields. In comparison with the first quarter of 2015 overall agricultural products increased by 2.7%, as well as production of plant-growing products by 9.2%, production of cattle-breeding products by 2.5%.
Allocation for 2876.8 million manat was directed to fixed assets in January-March 2016. 2529.7 million manat or 87.9% of used allocation was spent to the construction of production facilities, 222.1 million manat (7.7%) to the facilities on service fields, 125.0 million manat (4.4%) to the construction of dwelling houses with total area 334.7 thousand square meter. 900.9 million manat or 31.3% of allocations directed to fixed assets made up domestic investments. 2013.4 million manat or 70.0% of allocations directed to fixed capital was spent for the execution of construction-installation works.
48.1 million tons cargo and 437.3 million person passengers were transported by natural entities and enterprises engaged in transport and warehouse sector in January-March, 2016. In comparison with the corresponding period of 2015 cargo transportation decreased by 4.6% and passenger transportation increased by 1.7%. Backwardness observed in cargo transportation was related with decreases in railway, sea and pipeline transport.
58.5% of cargos were transported by automobile, 31.8% by pipeline transport, 7.0% by railway, 2.6% by sea and 0.1% by air transport.
87.9% of passengers were transported by automobile, 11.9 % by metro and others by other types of transport.
Services for 372.8 million manat were rendered to legal and natural entities by information and communication enterprises and its 71.6% was per share of population sector. In comparison with corresponding period of 2015 volume of information and communication services increased by 8.9% in January-March, 2016, 80.7% of income received from this field was share of non-state sector.
Product for 6793.4 million manat was sold to population by retail trade network and paid services for 1784.6 million manat were rendered by service enterprises in January-March, 2016.
Compared to corresponding period of previous year commodity turnover increased by 3.4% and income receive from paid services to population 2.4%, food products, beverages and tobacco products in amount of 3429.9 million manat and non-food products in amount of 3363.5 million manat were sold in trade network.
According to the data of State Customs Committee in January-February, 2016 volume of foreign trade turnover of the country made up 2203.3 million US dollars. 1223.4 million dollars or 55.5% of commodity turnover made up exported products, 979.9 million dollars (44.5%) imported products and positive balance in amount of 243.5 million dollars has been established as a result of prevail by export into import. Compared to the same period of 2015 volume of foreign trade turnover by comparable prices decreased by 30.0%, as well as export by 20.6% and import by 42.7%.
46.3% of trade turnover was share of EU countries, 12.0% CIS member countries and 41.7% other countries.
31.7% volume of imported goods was share EU countries, 17.6% of CIS member countries, and 50.7% of other countries.
58.0% of exported goods were sent to EU countries, 7.5% to CIS member countries, and 34.5 to other countries. In comparison with the same period of 2015 export of non-oil products decreased by 46.4% and made up 174.3 million dollars in January-February, 2016.
Compared to the corresponding period of 2015 prices of consumer goods and services increased by 10.8%, as well as, prices of food products by 13.1%, prices of non-food products by 15.2% and prices of paid services to population by 4.0%.
In comparison with the corresponding period of 2015 average monthly nominal salary of employees compared to January-February, 2016 increased by 6.2% and it made up 472.2 manat in 2015.
Nominal income of population compared to the corresponding month of previous year increased by 9.0% and reached to 10303.5 million manat in January-March, 2016. 81.0 % of income was spent to final consumption, 9.7% to taxes, social insurance and membership dues and 2.3% for payment of credit interests and 7.0% deposits.
According to the data of the Ministry of Finance state budget received fund in amount of 3678.1 million manat and means in amount of 2623.5 million manat were spent from budget in January-February, 2016, budget deficit in amount of 1054.6 million manat was in the level of 8.4% of gross domestic products. According to the data of Central Bank for the March 1, 2016 credit portfolio of bank and non-bank credit organizations equivalent in national currency made up 20327.4 million manat, its 15565.9 million manat was long-term credits. Portfolio of credits increased by 1.8% compared to March 1, 2015. Amount of overdue loans made up 6.5% of total credit portfolio.
Amount of deposits of population in banks made up 8077.3 million manat by equivalent in national currency for the state of March 1, 2016.
Average exchange rate of national currency for 1 US dollar was equal to 1.60 manat (from the beginning of the year 1.59 manat), 1 Euro 1.79 manat (1.75), 100 Russian rouble 2.28 manat (2.12).
Number of the population increased by 17.9 thousand person or 0.2% in January-February, 2016 and reached to 9723.5 thousand person for the state of March 1, 2016.