16:01 - 11.11.2026

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November 11, Fineko/abc.az. The average annual growth of the non-oil/gas sector in Azerbaijan exceeds the target set in the Socio-Economic Development Strategy 2022-2026.

Deputy Minister of Economy Azer Bayramov made the above-said statement during the discussion of the Bill on State Budget 2027 at a joint meeting of the Parliamentary Committees on Legal Policy & State Building, on Defense, Security & Anti-Corruption, on Human Rights and Regional Issues.

"In the context of ongoing uncertainty in the global economy, the country maintains macroeconomic stability, the economy is diversifying, and the non-oil/gas sector is steadily developing. Economic growth is provided precisely by the non-oil/gas sector. From this angle, taking into account the expected results of 2026, average annual growth of the non-oil/gas sector is projected at the level of 5.2% in 2022-2026. This indicator is higher than the target value set by the Strategy," he said.