In January 2013, in Azerbaijan in the field of production of goods and services, and net taxes on production and imports were produced added value of 4.5 billion basic macroeconomic indicators - gross domestic product has grown over to the same month in 2012 2.8%, the State Statistics Committee told Turan.
The GDP in the non-oil sector grew by 8.8% to 49.6% of the GDP of the country. The downward trend in the oil factor in GDP continued, and in January, added value decreased by 2.1%.
The share of the production of goods has 62.2%, services - 29.5% and net of taxes - 8.3% of GDP.
Per capita GDP in January amounted to 484.2 manat ($ 626.9), or 1.5% more than in January 2012. - 08D-
Economics
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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
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