OREANDA-NEWS. February 18, 2010. Although in August 2009 domestic non-oil sector ceased playing the role of engine of country’s economy and in September was observed GDP growth first time since 1999 with year-on-year drop of less than 1% (0.8%), in December it went away from formal indicators of growth.

However, in case with non-oil sector speech is about growth of real and nominal volume of GDP, and when analyzing overall GDP – only about real volume as its nominal volume in 2009 declined.

Following 2008 non-oil GDP growth (+15.7%) exceeded for the first time the rise of country’s overall GDP (10.8%) due to tendency started since August 2008. But since August 2009 this tendency has not been observed more.

The Central Bank of Azerbaijan (CBA) reports that by 1st January 2010 country’s non-oil GDP made AZN 15.68 bn (including AZN 2.455 bn that became the best monthly index for 2009) that is by 3.2% more against the figure by 1 January 2009 (AZN 15.197 bn).

At the same time in 2009 overall GDP made AZN 34.578 bn (including AZN 4.9 bn in December - it is also the best month indicator) with real rise of 9.3% (AZN 40.137 bn by 1 January 2009).

Last year non-oil GDP grew up to 45.36% of overall GDP versus 38.81% for 2008.

Last December non-oil GDP was 49.87% of overall GDP versus 59.4% in February 2009 (still absolute best month indicator in the country’s history).

Non-oil GDP growth exceeded overall GDP rise for the last 12 months successively (August, September, October, November, December of 2008, and Jan-Jul of 2009).

Exchange rate by early January 2010 was AZN 0.8031 to the US dollar. According to this rate, non-oil GDP reached US19.528 bn.