Bank Of Baku

Deputy Minister: Azerbaijan's non-oil sector grew by 6.7% in 2021-2024

Deputy Minister of Economy of Azerbaijan, Samad Bashirli

© APA | Deputy Minister of Economy of Azerbaijan, Samad Bashirli

# 29 September 2025 10:55 (UTC +04:00)

Between 2021 and 2024, the non-oil sector grew by an average of 6.7% and currently accounts for 68% of the national economy, said Deputy Minister of Economy Samad Bashirli during the opening day of the 2nd Baku Climate Action Week (BCAW), APA-Economics reports.

He noted that non-oil exports have nearly doubled in recent years.

The private sector currently generates more than 80% of the GDP. Public debt has decreased to just 6.5% of GDP, which is one of the lowest levels in the world.

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