IMF: IN 2012 AZERBAIJAN’S GDP TO EXCEED ARMENIA’S GDP 5.86-FOLD

Azerbaijan Business Center
Oct 27 2011

Baku, Fineko/abc.az. In its Regional Economic Outlook : Middle East
and Central Asia IMF notes Armenia and Georgia’s increasing underrun
from Azerbaijan in terms of economic development quality.

IMF reports that in 2011 Azerbaijan’s nominal GDP will make $68,5
bn and in 2012- $80,8 bn. Despite the fact that in 2011 real GDP
growth in Azerbaijan will not exceed 0,2%, and in 2012 – 7,1%,neither
Armenia nor Georgia will be able to approach the country on the level
of economic development.

In 2011 Armenia’s nominal GDP will total only 10,2 bn and in 2012-
$13,8 bn. The forecast for Georgia is $10,5 bn. and $14,8 bn
respectively.

As a result in 2011 Azerbaijan will exceed Armenia on GDP level
5.86-fold and Armenia and Georgia together- 2.83-fold.