Minister of Economy: Increasing share of private sector in economy to 88% is targeted

Mikayil Jabbarov, Azerbaijan

© APA | Mikayil Jabbarov, Azerbaijan's Minister of Economy

# 15 November 2023 11:59 (UTC +04:00)

3-4% average annual growth rate (AAGR) of the Azerbaijan’s economy and 5% growth of GDP of non-oil and gas is targeted in the National Priorities of Azerbaijan and as a result of the implementation of the socio-economic development for 2022-2026, said Mikayil Jabbarov, Azerbaijan's Minister of Economy and Deputy Chairman of the National Coordinating Council on Sustainable Development, as he delivered speech during 2nd Baku Forum on Sustainable Development, APA-Economics reports.

“At the same time, increasing the share of the private sector in the economy to 88%, compared to 2021, increasing the volume of non-oil/gas exports to 85% in 2026 is targeted,” – the Minister added.