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Azerbaijan's economic growth approaches 2%

11 November 2026 11:19 (UTC +04:00)

Azerbaijan's gross domestic product (GDP) amounted to AZN 115 billion 930.5 million in January-October 2026, marking a real increase of 1.7% compared to the corresponding period last year, the State Statistical Committee said, APA-Economics reports.

During the reporting period, value added in the oil and gas sector decreased by 0.9%, while the non-oil and gas sector recorded an increase of 2.9%.

In January-October, value added amounted to AZN 35 billion 229.1 million in the oil and gas sector and AZN 80 billion 701.4 million in the non-oil and gas sector.

Thus, the oil and gas sector accounted for 30.4% of GDP, while the non-oil and gas sector accounted for 69.6%.

Rahim Tariverdiyev

Azerbaijan economic growth GDP gross domestic product State Statistical Committee APA-Economics oil and gas sector non-oil and gas sector value added economic indicators January-October 2026