Azerbaijan’s economy grew by 4.7% in January-September 2024

  14 October 2024    Read: 466
  Azerbaijan’s economy grew by 4.7% in January-September 2024

In the first nine months of 2024, Azerbaijan’s economy grew by more than 4.7 percent in gross domestic product (GDP) compared to the same period last year, reaching 92 billion 829.5 million manats.

According to the Azerbaijan State Statistical Committee, the added value in the oil and gas sector increased by 0.9 percent, while the non-oil and gas sector experienced a growth of 7.1 percent, AzVision.az reports. 

Various sectors contributed to the GDP: industry accounted for 37.1 percent, trade and vehicle repair for 9.6 percent, transport and warehousing for 7.0 percent, agriculture, forestry, and fishing for 6.4 percent, construction for 6.3 percent, tourist accommodation and public catering for 2.4 percent, information and communication for 1.8 percent, and other sectors for 19.2 percent. Net taxes on products and imports constituted 10.2 percent of the GDP.

The GDP per capita stood at 9,102.9 manats.

 

AzVision.az


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