During the visit to Azerbaijan of the Vice-President of the Federal Economic Chamber of Austria Richard Shents December 5 Baku will host a business forum with participation of businessmen of the two countries.
The fund export promotion and investment in Azerbaijan told Turan, that participation in the forum will bring together representatives of about 20 Austrian companies operating in various sectors of industry and construction, oil and gas, chemical and light industry , ICT, engineering, food processing machinery , logistics , ventilation systems, consulting , etc. Forum will be held in Baku Business Center.
According to the State Customs Committee, in the first nine months of 2013 the volume of exports from Azerbaijan to Austria increased in comparison with the comparable period last year from $ 69.1 million to $ 253.8 million. From Austria in the opposite direction was delivered goods worth $ 72.5 million that is 27.1% less than in the same period in 2012. - 08D-
Economics
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Azerbaijan’s gross domestic product (GDP) reached 126.3 billion manats in 2024, marking an increase of 3 billion manats, or 2.4%, compared to the previous year, according to data released by the State Statistics Committee. In 2023, nominal GDP stood at 123 billion manats.
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The latest data from the State Statistics Committee reveals that as of December 1, 2024, the total number of salaried workers in Azerbaijan stood at 1.775 million, with 884,400 employed in the public sector and 890,900 in the private sector. This figure falls significantly short of the government's ambitious targets set seven years ago, raising concerns about employment opportunities, particularly for the country's burgeoning youth population.
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Azerbaijan's legal and physical entities engaged in trade operations with partners from 176 countries between January and November 2024, exporting goods to 120 nations and importing from 167, according to the State Customs Committee.
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Azerbaijan's retail trade turnover climbed 3.9% in real terms in 2024 compared to the previous year, reaching a total of 62.2 billion manats, the State Statistics Committee revealed. Food, beverages, and tobacco accounted for 34.1 billion manats, while non-food products contributed 28.1 billion manats to the total.
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