Azerbaijan leads CIS on GDP and industrial output

Azerbaijan leads CIS on GDP and industrial output

Azerbaijan recorded the highest GDP of the CIS countries in January to October this year, 8.2%.

The figures were announced by the CIS Interstate Statistics Committee.
Uzbekistan had the next highest GDP in the reporting period, 8%, followed by Kyrgyzstan, 3.2% and Tajikistan, 2.9%.
In the first 10 months of the year, GDP in the CIS countries fell 9% overall in comparison with the same period last year. Armenia had the highest fall, around 17.5 percent, while GDP fell 15.9% in Ukraine and 9.6% in Russia.
Azerbaijan is the only CIS country to have achieved growth in industrial production. In January to October industrial output increased 7.4% compared with the same period in 2008.
During the reporting period, industrial output in Moldova fell 24.1%, Kyrgyzstan – 13.9%, Russia – for 13.3%, Armenia – 11.4%, Tajikistan – 8.6%, Belarus – 4.5% and Kazakhstan 0.2%.