Azerbaijan's economy grew by 4.1% last year

15:14 - 16.01.2025


January 16, Fineko/abc.az. Azerbaijan's nominal GDP reached 126.3 billion manats in 2024.

ABC.AZ informs with reference to the State Statistics Committee that real economic growth is estimated at 4.1%. Azerbaijan's GDP growth in 2023 was 1.1%.

In the structure of GDP, industry made up 35.9%, trade and repair of vehicles - 10.7%, transport and warehousing - 7%, construction - 6.7%, agriculture, forestry and fishing - 5.7%, tourist accommodation and catering - 2.4%, information & communication - 1.9%, other industries - 19.9%. The share of taxes in GDP was 9.8%.

According to the State Statistics Committee, the oil & gas sector grew by 0.3% during the year, while the non-oil/gas sector by 6.2%.

Last year, GDP per capita amounted to 12,382.5 manats.