Azerbaijan sees 5% increase in economic growth

The Gross Domestic Product (GDP) produced in Azerbaijan in January-February 2024 amounted to AZN 18 billion 576,9 million, which is 5% more in comparison with the previous year, SİA reports citing the State Statistics Committee of Azerbaijan.

It was noted that the value added in the oil and gas sector of the economy increased by 0,7%, while it increased by 10,1% in the non-oil and gas sector.

39,9% of GDP production was industry, 9,9% in trade, vehicle repair, 7% in transport and warehousing, 5,5% in construction, 2,7% in agriculture, forestry, and fishing, 2,2% in tourist accommodation, and public catering, 1,7% in information and communication fields, 19,8% was other sectors, and net the taxes on products and imports made up 11,3% of GDP.

GDP per capita amounted to AZN 1824,1.

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