Page 51 - Azerbaijan State University of Economics

THE JOURNAL OF ECONOMIC SCIENCES: THEORY AND PRACTICE, V.70, # 1, 2013, pp. 46-76

Comparison with average % 197 159 136 152
salary in whole country
Fixed Assets Mln AZN 7257 18225 37248 45895
Portion in GDP % 36 49 52 55
The portion of attracted % 69 72 43 42
investments to total investments
in country
Source: Azerbaijani statistics, 2012, State Statistical Committee of Azerbaijan Republic,
Baku, Seda, 2012, p. 447; Azerbaijan in figures, p. 68.

As we can see from table 1, industry in Azerbaijan develops promptly. There

are increases in portion of GDP, average salary and fixed assets. Thus average

salary in Azerbaijan in 2011 was equal to 364 AZN and in 2012 to 519 AZN,

however average salary in the industry was equal to 519 and 600 respectively. At

the same time the investments into the industry decreased from 69% in 2010 to

42% in 2011. At the same time number of companies working in the industry

decreased from 2650 to 2508 and number of employees decreased from 200

thousands to 182 thousand from 2010 to 2011.

Table 2. Structure of industry (% of total)

1990 2000 2005 2010 2012
Total industry, 100 100 100 100 100
Including:
Mining 10,1 53,4 67,4 78,8 75,4
Refinery 85,3 31,4 25, 9 16, 0 18, 9
including:
Production of goodies 26,6 2,6 3,2 1,5 7,3
Weaving 19,9 0,9 0,4 0,1 0,2
Chemistry industry 5,3 3,4 2,4 0,5 0,5
Metallurgy 3,7 0,1 3,2 0,5 0,9
Production of vehicles 20,3 1,1 0,4 0,6 0,4
Other refinery sectors 16,3 12,7 9,6
Electricity, gas and stream production 4,1 13,5 5,7 4,6 2,2
Water supply, collection and refinery 0,5 1,7 1,0 0,6 0,6
garbage
Source: State Statistical Committee of Azerbaijan republic, Azerbaijan in figures, p. 70-71.

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