Azerbaijani president calls share of non-oil and gas GDP above 70% major achievement

Today, the share of the non-oil and gas sector in our GDP is more than 70%, which is a remarkable achievement, President Ilham Aliyev said during his speech at the opening ceremony of the 2026 Annual Meetings of the Islamic Development Bank Group, Report informs.

"Economic development of Azerbaijan was positive, and, as I said, economy is stable. We managed to attract more than $350 billion of direct investments, almost half from foreign sources in the last 20 years. Our investment plans continue because today investors look for stable places," he noted.

"So today the share of the non-oil and gas sector in our GDP is more than 70%, which is a remarkable achievement, but still we have to work hard in order to continue to change the balance of oil, gas, and the non-oil and gas sector in our export," he added.