GDP observed growth for past 11 months – Growth rate has grown

15:46 - 12.12.2023


December 12, Fineko/abc.az. Over Jan-Nov 2023, Azerbaijan produced GDP of AZN 110.2 bn ($58.86 bn) or 0.8% more year-on-year, ABC.AZ informs, citing the State Statistics Committee.

Over the past year, added value in the oil and gas sector of the economy decreased by 1.6%, and in the non-oil and gas sector increased by 3.2%.

According to the data, 41.2% of GDP production comes from industry, 9.9% from trade; repair of vehicles, 6.3% - transport and warehousing, 6.1% - agriculture, forestry and fishing, 5% - construction, 2.4% - tourist accommodation and catering, 1.7 % - IT and communications, 18% - other spheres. Net taxes on products and imports made up 9.4% of GDP.

GDP per capita reached 10,856 manats ($6,378).