Azerbaijan's economy up by 1%

In January–November 2023, Azerbaijan produced a GDP of 123 billion manats ($72.37 billion), or 1.1%, more year-on-year, Report informs, citing the country’s State Statistics Committee.

Over the past year, added value in the oil and gas sector of the economy decreased by 1.7%, and in the non-oil and gas sector, it increased by 3.7%.

According to the data, 40.5% of GDP production comes from industry, 10% from trade; repair of vehicles, 6.2% from transport and warehousing, 6.2% from construction, 5.5% from agriculture, forestry, and fishing, 2.2% from tourist accommodation and catering, 1.7% from IT and communications, and 18.6% from other spheres. Net taxes on products and imports amounted to 9.1% of GDP.

The GDP per capita amounted to 12,114.5 manats ($7,128.43).