Azerbaijan's Economy Minister reveals share of non-oil sector in GDP

  26 January 2021    Read: 935
Azerbaijan

The share of the non-oil sector in Azerbaijan's GDP exceeded 70 percent, Azerbaijani Minister of Economy Mikayil Jabbarov tweeted.

The measures are being taken to diversify the country's economy under the instruction of Azerbaijani President Ilham Aliyev.

Earlier, the minister stressed that Azerbaijan's task is to double the country's GDP by 2030 in accordance with the new 10-year development plan, which requires an average annual economic growth rate of seven percent.

“Azerbaijan will allocate 2.2 billion manat ($1.3 billion) for the reconstruction of the liberated Azerbaijani territories this year,” Jabbarov added.


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