Per capita GDP exceeds $1,250 in Azerbaijan

The Azerbaijani government told Trend that as a result of 2006 per capita GDP will exceed $1,250 against the initial forecast of 5799.6 manats or $1177.6.

"As a result the country will leave the poor category, which are clients of the international Association for Development in accordance with the WB standards and become a developing country, cooperating with the International Bank for Reconstruction and Development," the same source said.

The forecast per capita GDP in 2006 was not indicated, while as of totals of 7 months of 2005 the figure is expected to reach 3557,400 manats ($738.3).

Initial forecast of per capita GDP for 2005 in currency comprised $1,246 at current exchange rates.