Azerbaijan reports highest GDP growth rate for January

Azerbaijan reports highest GDP growth rate for January

RosBusinessConsulting Database
May 6, 2005 Friday

In January 2005, Russia was ranked seventh among CIS members rated
on its GDP growth of 4 percent from the first quarter of 2004, the
Interstate Statistical Committee of the CIS has reported. In 2004,
Russia shared the ninth position with regard to the GDP growth with
Kyrgyzstan.

According to the Committee’s statistics, over the given period,
Azerbaijan (10.8 percent) and Belarus (9.6 percent) demonstrated the
highest GDP growth. Tajikistan and Armenia ranked third with the GDP
growth of 7.8 percent, and in Ukraine, and Kyrgyzstan the rate stood
at 5.4 and 2 percent respectively. The average GDP growth for the
CIS was determined at 5 percent.