Azerbaijan's economy grows over 4%

During January-November 2024, Azerbaijan's gross domestic product amounted to 113.282 billion manats ($66.6 billion), which is 4.1% higher compared to the same period of the previous year, reported from the State Statistics Committee.

The added value in the oil and gas sector of the economy increased by 0.4%, while in the non-oil and gas sector the figure increased by 6.4%.

In the structure of the GDP production, 37.1% came from industry, 10% from trade and vehicle repair, 7.1% from transport and warehousing, 6.2% from construction, 6.1% from agriculture, forestry and fishing, 2.5% from tourist accommodation and catering, 1.8% from information and communications, 19.2% from other sectors, while net taxes on products and imports accounted for 10% of GDP. GDP per capita amounted to 11,104 manats ($6,531).


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