During the first 11 months of this year, the gross domestic product in Azerbaijan amounted to 53.7 billion manat, which is 2.2% more than in the same period of 2013, according to the State Committee of Statistics.
From the beginning of 2014, the value added in the non-oil sector grew by 6.5%, while its share in GDP increased from 56.9% to 59.8%. This year lag oil sector was 3.4%.
GDP per capita amounted to 5,710.7 manat ($ 7,281.3) /
The Department of National Accounts of the State Committee of Statistics told Turan that the calculation of the main macroeconomic indicators of the country also takes into account the informal economy, the so-called "shadow economy", which, according to official data, estimated at about 8%.
In the structure of GDP is still dominated by the manufacturing sector - 60.2%, while the share of services is 32.5%. The share of industry from the beginning of the year rose to 42.6%, construction – to 12.5%, agriculture – to 5.1%, etc. --08D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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