Today.Az » Business » Azerbaijan's GDP rises 4.3 percent to 38.2 billion manats
18 May 2024 [10:00] - Today.Az
Azerbaijan's total domestic product reached 38.1819 billion manats from January to April this year, marking a 4.3 percent increase compared to the same period last year, Azernews reports, citing the Azerbaijan State Statistics Committee. According to the State Statistics Committee, the added value in the oil and gas sector saw a slight decline of 0.1 percent. In contrast, the non-oil and gas sector experienced a robust growth of 7.7 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, with significant contributions from various non-oil sectors.
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