Growth rate of GDP in Azerbaijan reaches 8-year high

Growth rate of GDP in Azerbaijan reaches 8-year high
# 19 January 2022 09:56 (UTC +04:00)

Azerbaijani economy grew by 5.6% in 2021 in the condition of increase of non-oil sector (7.2% last year), high oil prices, and increase of production in energy sector, according to calculations by APA-Economics.

The mentioned indicator is the highest growth rate, recorded on GDP since 2013. As a result, volume of GDP in Azerbaijan last year exceeded the indicator, recorded before the COVID-19 pandemic (2019) by 1-1.1%.

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