Chairman of the Union of employers of Armenia Gagik Margaryan presented a comparative analysis of the State of the economies of the three countries of the Caucasus: Armenia, Georgia and Azerbaijan. The study is based on the official statistics of the countries of the region, and the World Bank, the International Labour Organization (ILO), the World Trade Organization (WTO), the International Monetary Fund (IMF), the United States Central Intelligence Agency (CIA) and a number of other organizations.
According to Makarâna, in 2011, the volume of gross domestic product (GDP) of Armenia will make $ 9.8 billion, Georgia-12.8 billion. The volume of GDP in Azerbaijan, according to official figures, it should reach $ 72 billion, and estimated at $ 64 billion-analysis centres.
In doing so, says the expert, the share of agriculture in Gdp in 2011 year was 22%, Georgia-10% and-5.2% in Azerbaijan. He drew attention to the fact that in Azerbaijan agriculture is 37 per cent of the population, but in the GDP percentage of the industry is extremely low. “This means that the performance of the agricultural industry of Azerbaijan is not particularly high,” said Markarian.
The share of industry in GDP of Armenia is 48.4%. Georgia-61% (mainly due to a sharp rise in tourism and infrastructures), Azerbaijan-60%, a figure that is achieved mainly through oil and gas processing industries.
According to the expert, in 2011, the amounts of the oil industry in Azerbaijan fell by 11.6%, of “black gold” in this country are already beginning to decline and, if new sources are found, then in the year 2024 there will be a sharp decline in industrial volumes. In these circumstances, it would be difficult to develop other sectors of the economy. In addition, Armenian expert says that seriously would be reduced and the export of Azerbaijan, which today is estimated at $ 20 billion.
