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ECONOMICS
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Azerbaijan sees growth in GDP production

12 December 2023 15:01

Azerbaijan produced GDP (Gross Domestic Product) worth AZN 110.2 billion ($64.8 billion) in January-November 2023, or 0.8 per cent more than in the same period of last year.

Added value in the oil and gas sector of the economy decreased by 1.6 per cent while in the non-oil and gas sector increased by 3.2 per cent over the past year, Report informs citing Azerbaijan State Statistics Committee.

According to the data, 41.2 per cent of GDP production accounts for industry, 9.9 per cent for trade; repair of vehicles, 6.3 per cent for transport and warehousing, 6.1 per cent for agriculture, forestry and fishing, 5 per cent for construction, 2.4 per cent for tourist accommodation and catering, 1.7 per cent for information and communications, 18 per cent for other spheres. Net taxes on products and imports amounted to 9.4 per cent of GDP.

GDP per capita is AZN 10,856 ($6,385).

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