Share of non-oil and gas sector in Azerbaijan's GDP to rise by 2 percentage points
Finance
- 29 December, 2023
- 11:49
Add Report.az to preferred Google sources
Stay up to date with the top news!
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.
Latest News
19:34
Azerbaijan, IE University sign agreement to establish Economic Observatory
Business
19:30
Photo
Azerbaijan, India discuss youth and sports cooperation
Individual sports
19:24
Azerbaijani business success stories to feature in academic programmes
Business
19:20
Photo
Azerbaijan signs anti-corruption cooperation deals with Morocco and Iraq
Foreign policy
19:16
TURKPA chief, Turkish parliament speaker discuss Azerbaijan–Türkiye ties
Foreign policy
19:13
Photo
Ankara hosts symposium on Azerbaijan–Türkiye ties and Turkic world
Foreign policy
19:10
Fuad Naghiyev highlights tourism's role in promoting Azerbaijan's heritage
Tourism
18:50
Photo
Russian missile barrage kills three in Kyiv, damages hospital and key bridge
Other countries
18:30
Azerbaijan establishes AI Observatory to boost economic competitiveness
ICT