Azerbaijan's GDP growth makes up 4% in 1st quarter

13:01 - 9.04.2024

April 9, Fineko/ Over Jan-Mar 2024, Azerbaijan produced GDP for 29.96 bn mantas (4% more against Jan-Mar 2023), ABC.AZ reports with reference to the State Statistics Committee.

Value added in the oil & gas sector of the economy grew by 0.4%, and in the non-oil/gas sector by 6.7%.

39.3% of GDP production accounted for industry, 9.7% for trade, vehicle repair, 6.8% for transport and warehousing, 5.9% for construction, 2.9% for agriculture, forestry and fishing, 2.4% for tourist accommodation and catering, 1.7% for information & communication industries, 20.4% for other industries, and net taxes on products and imports - 10.9% of GDP.

GDP per capita was equal to 2,856.5 manats.