Azerbaijan’s economy up 1%

In January-November 2023, Azerbaijan produced a GDP of 123 billion manats ($72.37 billion) or 1.1% more year-on-year, Report informs, citing the country’s State Statistics Committee.

Over the past year, added value in the oil and gas sector of the economy decreased by 1.7%, and in the non-oil and gas sector increased by 3.7%.

According to the data, 40.5% of GDP production comes from industry, 10% from trade; repair of vehicles, 6.2% from transport and warehousing, 6.2% from construction, 5.5% from agriculture, forestry and fishing, 2.2% from tourist accommodation and catering, 1.7 % from IT and communications, 18.6% from other spheres. Net taxes on products and imports amounted to 9.1% of GDP.

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