For eight months of the year, the gross domestic product in Azerbaijan amounted to 35.1 billion manat, at constant prices by 1.3% more than in the same period of 2011.
According to the committee, the volume of non-oil GDP grew by 10.7% and in the oil sector fell by 6.8%.
GDP per capita totaled AZN 3,838.4 or 4,883.3 U.S. dollars.
The share of industry in GDP was 51.9%, the construction industry - 9.6%, transport - 4.8%, and net taxes on production and imports - 6.2%, etc. -08D-
Economics
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Natural gas supplies from Azerbaijan to Bulgaria have been temporarily suspended due to technical reasons from January 6, 2025, Turan reports. Bulgarian «Bulgargaz» Energy Company has announced the suspension, noting that supplies are expected to resume on January 11, 2025.
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In 2024, Azerbaijan welcomed 3.523 million passengers from 38 countries via air transportation, reflecting a significant 32.1% increase compared to the previous year. According to the State Tourism Agency, this also marks an expansion in reach, with visitors arriving from three additional countries, an 8.5% rise year-on-year.
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As Azerbaijan sets an ambitious trajectory for economic growth in 2025, the country is poised to expand its investment portfolio and develop innovative financial instruments. These efforts aim to create a favorable environment for both domestic and international investors, while steering the economy away from oil dependency toward diversified and sustainable growth.
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In 2025, Azerbaijan will celebrate a series of public holidays and mourning events combining cultural traditions, religious rituals and national commemorations. The calendar, approved by the Cabinet of Ministers, defines significant dates that will provide citizens with the opportunity to honor their heritage, reflect on history, and relax with family and friends.
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