Bank Of Baku

Mikayil Jabbarov: Average annual growth of Azerbaijan’s non-oil and gas sector reached 6% in 2021–2025

Mikayil Jabbarov: Average annual growth of Azerbaijan’s non-oil and gas sector reached 6% in 2021–2025
# 17 June 2026 10:49 (UTC +04:00)

Diversification remains a priority for Azerbaijan's economy, and significant growth is being observed in the non-oil sector, Minister of Economy Mikayil Jabbarov said at the Private Sector Forum organized within the framework of the Annual Meetings of the Islamic Development Bank held in Baku, APA-Economics reports.

“Between 2021 and 2025, the average annual growth of the non-oil and gas economy amounted to 6%, while the share of this sector in GDP increased from 58% to 71%,” he noted.

 

 

 

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