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Azerbaijan's economy grows by 5.3%

Azerbaijan's economy grows by 5.3%
Azerbaijan's economy grows by 5.3%

In January-November this year, the economy of Azerbaijan grew by 5.3%, the country's State Statistical Committee reports.

In the first eleven months of 2021, Azerbaijan generated a GDP of 80 billion 688.2 million manats, 5.3% more than in the same period last year.

Over the past year, the value-added in the oil and gas sector of the country's economy has increased by 2.7%. While in the non-oil sector by 6.4%.

In the structure of GDP, 41.6% was formed in industry, 10.1% in trade and repair of vehicles, 7% in transport and warehousing, 4.9% is construction, 6.4% is agriculture, forestry, and fishing, 1.8% is information and communication, 1.2% are tourist accommodation and public catering, 18.2% are other sectors. Net taxes on products and imports amounted to 8.8% of GDP.

GDP per capita amounted to 8,055.3 manats.

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