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Azerbaijan’s Economy Grew 0.1% in 2011, AzTV Says, Cites Aliyev

Azerbaijan’s gross domestic product grew 0.1 percent in 2011 from a year earlier, state television channel AzTV reported today, citing President Ilham Aliyev.

The non-oil economy expanded 9.4 percent and the inflation rate was less than 10 percent, Aliyev said at a Cabinet meeting in the capital, Baku, according to AzTV.

To contact the reporter on this story: Zulfugar Agayev in Baku at zagayev@bloomberg.net

To contact the editor responsible for this story: Hellmuth Tromm at htromm@bloomberg.net

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