Azerbaijan’s GDP up by 2.2% y/y in Jan-Nov

By bne IntelliNews December 16, 2014

Azerbaijan’s GDP grew by 2.2% y/y between January and November, amounting to AZN53.7bn ($68.5bn), the State Statistical Committee (SSC) reported on December 15. GDP per capita equaled AZN5,710 ($7,291).

The share of the non-oil sector reached 59.8%, up by 6.5% from the same period in 2013. A sector breakdown shows 42.6% in industry, 12.5% in construction, 5.1% in agriculture, forestry and fishing, and 32.5% in services. 

According to SSC data, the average monthly income increased by 1.9% y/y, amounting to AZN324.8 ($414).

 

Related Articles

SOCAR to supply Syria with gas

Syria’s nascent transitional government has secured a crucial energy agreement with Azerbaijan, a move aimed at alleviating the country’s crippling power shortages and marking a significant step ... more

IMF says Azerbaijan’s banking sector stronger but systemic vulnerabilities persist

The International Monetary Fund (IMF) has concluded that Azerbaijan’s financial system has made considerable progress in strengthening resilience since the 2015 oil price shock and 2020 COVID-19 ... more

Azerbaijan’s banking sector assets reach AZN27.88bn with a 2.55% NPL ratio in March 2025

The Azerbaijani banking sector has demonstrated remarkable resilience and steady growth in recent years, despite global economic challenges, according to the latest central bank ... more

Dismiss