Home Latest News Azerbaijan’s economy grew by 5% – Oxu.az

Azerbaijan’s economy grew by 5% – Oxu.az

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Azerbaijan’s economy grew by 5% – Oxu.az

In January-October 2024, the country’s total domestic product was 103,495.8 million manats, that is, 4.9% more than in the same period of the previous year.

Oku.Az informs that the State Statistics Committee has published information in this regard.

Value added in the oil and gas sector of the economy was reported to have increased by 1.7 percent, and in the non-oil and gas sector by 6.8 percent.

37.1 percent of GDP production is industry, 10 percent is commerce; vehicle repair, 7 percent transportation and storage, 6.3 percent construction, 6.2 percent agriculture, forestry and fishing, 2.4 percent tourist accommodation and catering, 1.8 percent information and communication, 19, 2 percent other fields, net taxes on production and imports represented 10 percent of GDP.

The GDP per capita was 10,146.5 manats.

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