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Non-oil sector grew at expense of commercial industries

03.06.2020,17:55


June 3, Fineko/abc.az. Commercial industries played a significant role in the growth of non-oil GDP (by 3.5%) in Azerbaijan last year.

This is what the Accounting Chamber reports in its conclusion on the draft law on the execution of the state budget for 2019 and the annual report on budget execution.

"It is gratifying that the growth of non-oil industries has become possible, mainly due to commercial sectors.

The non-oil industry and agriculture have distinguished themselves from other areas with high growth rates. Nevertheless, the share of value-added production in non-commercial sectors remains high-more than 80%," the Accounting Chamber said in a statement.