The economic system of Azerbaijan expanded 1.1 p.c year-on-year in January-December interval 2023, slowing from a 4.6 p.c development in the identical interval final yr. The non-oil & fuel sector elevated by 3.7 p.c, whereas the oil & fuel sector contracted 1.7 p.c. From the manufacturing aspect, the strongest contributions got here from business (40.5 p.c) and retail commerce (10 p.c). Further assist was seen in transportation & storage (6.2%) and building (6.2 p.c). supply: World Financial institution
Full Yr GDP Development in Azerbaijan averaged Four p.c from 1991 till 2022, reaching an all time excessive of 34.50 p.c in 2006 and a report low of -23.10 p.c in 1993. This web page features a chart with historic information for Azerbaijan Full Yr GDP Development. Azerbaijan Full Yr GDP Development – values, historic information and charts – was final up to date on January of 2024.
