Within four months of this year, gross domestic product (GDP) in Azerbaijan amounted to 18.2 billion manat, which is 3.2 % more than in January- April 2013 .
According to the State Statistics Committee, the GDP in the non-oil sector of the economy since the beginning of this year increased by 9 %. Thus, the share of non-oil sector in the formation of GDP reached 55.2%. During this period the production of value added in the oil and gas sector continued to decline: the lag was 3.2 %.
According to estimates of GCS, since the beginning of the year to the period of 2013 the GDP in the non oil and gas industry increased by 3.9 %, construction - 21.5% , hotel and food field - 15.7% , trade and repair of motor vehicles - 9 1% , agriculture - 3,3%. - 08D-
Economics
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On January 10, 2025, Azerbaijani President Ilham Aliyev signed a decree dismissing Samir Sharifov from his position as Minister of Finance. Having held this role since 2006, Sharifov has been appointed Deputy Prime Minister, marking a shift in his responsibilities while maintaining his influence within the government.
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Azerbaijan's gas exports to the EU via the Southern Gas Corridor (SGC) have sharply decreased since January 7, due to technical issues at a strategic facility in Azerbaijan, according to Turan, citing multiple sources.
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During a press conference in Baku on Friday, Deputy Minister of Digital Development and Transport of Azerbaijan, Rahman Hummatov, highlighted the country's significant achievements and future plans in transport infrastructure.
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Economist Gubad Ibadoglu provides a sobering analysis of Azerbaijan’s economic prospects as 2025 begins, highlighting a landscape marked by declining oil prices, rising inflation, and expectations of manat devaluation. These pressures, he notes, are poised to undermine real GDP growth, weaken investment, and exacerbate unemployment and poverty rates.
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