Azerbaijan's GDP grew by 0.4% for Jan-Feb

15:50 - 14.03.2023


March 14, Fineko/abc.az. Over the past 2 months Azerbaijan produced GDP worth AZN 19.8 bn ($11.65 bn), or 0.4% more versus Jan-Feb 2022, ABC.AZ reports, referring to the State Statistics Committee.

Value added decreased by 3.6% in the oil & gas sector of the economy while it increased by 4.6% in the non-oil & gas sector.

The Committee informs that 50.3% of GDP production came from industry, 8.9% from trade; vehicle repair, 5.3% transport and warehousing, 2.5% agriculture, forestry and fishing, 3.8% construction, 1.8% tourist accommodation and public catering, 1.5% information and communication sectors, 16.9% by other sectors, and net taxes on products and imports made up 9% of GDP.

Country’s GDP per capita grew by 2.4% to 1,956 manats ($1,150).