Azerbaijan's economy grows by 1%

Finance
  • 10 September, 2025
  • 15:01
Azerbaijan's economy grows by 1%

Azerbaijan generated just under 83.038 billion manats (over $48.8 billion) of GDP in the first eight months of 2025, marking a 1% increase year-on-year, Report informs, citing the country's State Statistical Committee.

During this period, the production of added value in Azerbaijan's oil and gas sector fell by 2.1%, while increasing by 2.6% in the non-oil and gas sector.

In Azerbaijan, industry comprises 34.9% of the total GDP, followed by trade and vehicle repair – 10.3%, transport and warehousing – 7.1%, and agriculture, forestry, and fishing – 6.3%.

Construction contributes 6.3%, while tourist accommodation and catering account for 2.8%. Information and communication represent 1.8%, and other areas, along with net taxes on products and imports, constitute 20.7% and 9.8%, respectively.

During the reporting period, the value of GDP per person was 8,111.3 manats (about $4,771.35).