Regional entrepreneurs and economists have a chance to be think-tanks for future economic reforms. Structuring meeting European standards will quickly and efficiently take up reforms in this area. Diversification involves not only the advantage of the real economy over the oil and gas industry, but also the increasing geographical business area.
They talked about it in training in Ganja and Sheki, which the EU organized for local NGOs, with the leading international specialist from Atlas Economic Research Foundation, Executive Director of Siap Solutions Pte Ltd Rainer Heuferts.
According to the chairman of the Center for Economic Research, Doctor of Economic Sciences Gubad Ibadoglu, strategic planning will allow more efficient use of the achievements of the local economy.
The seminar benefited dozens of representatives of 17 specialized non-governmental organizations. Those who want to become more advanced economists taking part in the events can contact the CER on the phone (+99412) 465 18 47 or by E-mail: office@erc.az. - 17D-
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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