• $ 1.7
  • € 1.9498
  • ₽ 0.020266
  • ₺ 0.0384
  • £ 2.2565

Azerbaijan’s economy grows nearly 6%

Azerbaijan’s economy grows nearly 6%
17.10.2022 16:00
In January-September this year, Azerbaijan produced a GDP worth 98.1 billion manats ($57.7 billion), or 5.6% more than in the same period last year, reported from the State Statistical Committee.

According to the data, over the past year, value added in the oil and gas sector of the economy decreased by 2.5%, and in the non-oil sector, it increased by 10.1%.

Of this, 52.2% falls on the industry, 7.8% - on trade, repair of vehicles, 6% - on transport and warehousing, 4% - on construction, 5.2% - on agriculture, forestry, and fisheries, 1.3% on information and communication, 1.5% on tourist accommodation and catering, 14.2% on other industries. Net taxes on goods and imports amounted to 7.8% of GDP.

Over the year, the GDP per capita in Azerbaijan increased by 55.3% to 9,749 manats ($5,734).





www.anews.az
Similar news
Similar news
ABB eSIM Service Launched!
Business 17:15
ABB eSIM Service Launched!
Kapital Bank Hosts “Smart Money Talks” Session for School Students
Business 17:05
Kapital Bank Hosts “Smart Money Talks” Session for School Students

Subscription to ABB Bank Bonds Successfully Completed!
Business 17:03
Subscription to ABB Bank Bonds Successfully Completed!
Gold prices have increased
Business 17:00
Gold prices have increased
Azerbaijan posts $487.7 mln trade surplus in January 2026
Business 16:30
Azerbaijan posts $487.7 mln trade surplus in January 2026

Brent crude price exceeds $116
Business 15:00
Brent crude price exceeds $116
Azerbaijan’s transport and storage sector sees 2.6% growth in Jan-Feb 2026
Business 14:00
Azerbaijan’s transport and storage sector sees 2.6% growth in Jan-Feb 2026

Stay supported this holiday with Yelo Bank’s special schedule
Business 13:40
Stay supported this holiday with Yelo Bank’s special schedule

Bank Respublika and EIB Global sign a credit agreement using the Central Bank’s hedging mechanism
Business 13:11
Bank Respublika and EIB Global sign a credit agreement using the Central Bank’s hedging mechanism
Anews TV

Our official Youtube channel

Subscribe