16:52 - 13.02.2024

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February 13, Fineko/abc.az. 2024 began with high indicators in the economy of Azerbaijan, ABC.AZ reports with reference to the Ministry of Economy.

Compared with 2023, GDP for January of 2024 grew by 5%, including non-oil and gas by 12.3%.

Value added growth made up 66.9% in the construction sector, 26.8% in transport and warehousing, 16.8% in the non-oil/gas processing industry, 12.1% in tourism and public catering, 11.8% in information & communications.

There is high investment activity in the country's economy.

In January 2024, compared with January 2023, investments in fixed assets increased by 37.4%, including in the non-oil/gas sector by 34.1%, which is an important factor contributing to economic growth.