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Azerbaijan's GDP grows 34.4%, y-o-y, in 8M06, to $11.4 bln

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BAKU, September 15 (RIA Novosti) - Azerbaijan's gross domestic product totaled 10.3 billion manat ($11.4 billion) in the first eight months of the year, representing a 34.4% year-on-year increase, the country's statistics committee said Friday.

GDP per capita in the Caspian republic stood at 1,233 manat ($1,363) in the reporting period, up 32.8%, year-on-year, a statement said.

Industry's share of GDP was 70.4%, up 5.1% from last year, whereas the service sector's share declined by 4.8%, to 22.4%, the statement said.

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