Finance

Home page

Finance

Deputy Minister of Economy: Growth in Azerbaijan's non-oil and gas sector accelerating towards year-end

Deputy Minister of Economy Azer Bayramov

12 November 2026 12:03 (UTC +04:00)

Gross Domestic Product (GDP) increased by 1.7%, while the non-oil and gas sector grew by 2.9% in the first 10 months of this year, Deputy Minister of Economy Azer Bayramov said during today's joint meeting of the Milli Majlis Committees on Youth and Sports, Public Associations and Religious Organizations, and Culture, while discussing the draft law "On the State Budget for 2027," APA reports.

He said that the growth was driven entirely by the non-oil and gas sector, and growth in the sector is accelerating towards the end of the year:

"In line with global challenges, the structure of the non-oil and gas sector itself is also changing: the leading sources are now the non-oil and gas industry, logistics, and digital services. During this period, the non-oil and gas industry grew by 5.9%, transport by 10.2%, and information and communication by 9.9%."

Ilkin Naib

Azerbaijan Azer Bayramov non-oil and gas sector economic growth GDP Ministry of Economy logistics digital services transport information and communication 2027 state budget