Azerbaijan's GDP Rises 4.3 Percent To 38.2 Billion Manats
Date
5/18/2024 2:16:32 AM
(MENAFN- AzerNews)
GDP Rises 4.3 Percent To 38.2 Billion Manats Image' Height='500'/>
Nazrin Abdul Read more
Azerbaijan's total domestic product reached 38.1819 billionmanats from January to April this year, marking a 4.3 percentincrease compared to the same period last year, Azernews reports, citing the Azerbaijan StateStatistics Committee.
According to the State Statistics Committee, the added value inthe oil and gas sector saw a slight decline of 0.1 percent. Incontrast, the non-oil and gas sector experienced a robust growth of7.7 percent.
The GDP breakdown is as follows:
Industry: 40.3 percent
Trade and vehicle repair: 9.5 percent
Transport and warehousing: 6.9 percent
Construction: 6.0 percent
Agriculture, forestry, and fishing: 3.1 percent
Tourist accommodation and public catering: 2.4 percent
Information and communication: 1.7 percent
Other sectors: 20.0 percent
Net taxes on products and imports: 10.1 percent
This growth reflects a dynamic economic environment, withsignificant contributions from various non-oil sectors.
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