The economy of Azerbaijan grew by 5%

Politics 15:28 13 Dec, 2022
The economy of Azerbaijan grew by 5%

The economy of Azerbaijan grew by 5%
In January-November of this year, gross domestic product (GDP) of 121.4 billion manats or 4.8% more than the same period of last year was produced in Azerbaijan.

Qazet.az report  about this with reference to the State Statistics Committee.

According to the information, in the last 1 year, the added value in the oil and gas sector of the economy decreased by 2.4%, and in the non-oil and gas sector, it increased by 9.2%.

52.7% of GDP production is industry, 8% trade; vehicle repair, 5.9% transport and warehousing, 5% agriculture, forestry and fishing, 3.8% construction, 1.5% tourist accommodation and catering, 1.3 % went to information and communication sectors, 14.3% to other sectors, net taxes on products and imports made up 7.5% of GDP.

During the year, the value of GDP per capita in the country increased by 49.8% and reached 12,064 manats.