Azerbaijan to increase non-extraction exports

Azerbaijan plans to increase non-extraction exports by 2020 to a level of 5,000 dollars per capita, Azeri Economic Development Minister Seving Hasanov has said in London at a trade and investment forum.

In 2009 non-extraction exports were USD 287 per capita in Azerbaijan. In Japan the same figure was USD 6,154 and in the USA 4,191.

The Azeri target could be reached if non-extraction exports increase annually by 21%. Nobel Prize winner Professor Ricardo Hausmann predicts that by 2020 Azerbaijan's GDP per capita will increase by 7%.