Share of non-oil and gas sector in Azerbaijan's GDP to rise by 2 percentage points

Kanan Sadigov
Post's author

The share of the non-oil and gas sector in the gross domestic product (GDP) of Azerbaijan is expected to be 71.1% next year, Report informs with reference to the Ministry of Finance.

This is 1.9 percentage points higher than the expected share of the non-oil and gas sector in GDP for 2023.

Next year, the share of the oil and gas sector is predicted to drop to 28.9%. In 2024, the GDP of the oil and gas sector will decrease by 1.7% in real terms.

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