Economic growth in Azerbaijan exceeds 4%

Economic growth in Azerbaijan exceeds 4%
# 11 September 2024 12:28 (UTC +04:00)

In January-August 2024, the gross domestic product (GDP) produced in Azerbaijan amounted to AZN 80 billion 960,3 million, which is 4.3% more compared to the same period of the previous year, APA-Economics reports citing State Statistical Committee.

According to the Committee, the added value in the oil-gas sector of the economy increased by 0.2%, while in the non-oil-gas sector it increased by 7.0 %.

The GDP production was distributed as follows: 37,9 % in industry, 9,7 % in trade and repair of transport vehicles, 7,0% in transport and warehousing, 6,1% in construction, 6,0% in agriculture, forestry, and fishing, 2,5% in accommodation of tourists and public catering, 1.8% in information and communication fields, and 18,9 % in other sectors, net taxes on products and imports accounted for 10,1% of the GDP.

The GDP per capita was AZN 7941,3.

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