OREANDA-NEWS. May 04, 2010. In March growth of non-oil GDP fastened by 0.1% versus 0.2% of growth retardation on general GDP.

The Central Bank of Azerbaijan (CBA) reports that for Jan-Mar 2010 country’s non-oil GDP totaled AZN 3.6 bn that is by 4.3% more versus Jan-Mar 2009 (AZN 3.549 bn).

Simultaneously for Jan-Mar 2010 overall GDP reached AZN 9.55 bn with rise of 5.4% (the indicator was AZN 6.7 bn a year ago).

This March non-oil GDP totaled 1.376 bn while overall GDP of AZN 3.4 bn.

For Jan-Mar 2010 non-oil GDP made up 37.8% of overall GDP (including 40.1% in March). This January the indicator was 36.3% and in February 36.7%.

Last year growth in non-oil sector (3.2%) which in August ceased playing the role of engine of country’s economy dropped 4.9-fold versus the 2008 index (+15.7%), when it for the first time exceeded increase of total GDP of the country’s economy (10.8%).

In September 2009 non-oil sector demonstrated GDP growth less than 1% (0.8%) year-on-year for the first time since 1999.

Following 2009 non-oil GDP totaled AZN 15.68 bn with growth of 3.2% (overall GDP of AZN 34.578 bn (+9.3%)) and made up 45.36% of overall GDP against 38.81% in 2008.

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 April 2010 was AZN 0.8034 to the US dollar. According to this rate, non-oil GDP reached USD4.497 bn.