
Azerbaijan's Nominal GDP for 2024 Reaches $74.3 Billion, Real Growth at 4.1%

On 16th January the State Statistics Committee reported that Azerbaijan's nominal GDP for 2024 will reach 126.3 billion manats ($74.294 billion), with real economic growth of 4.1%.
The oil and gas sector grew by 0.3%, while the non-oil and gas sector grew by 6.2%. In the structure of GDP, industry accounted for 35.9%, trade and repair for 10.7%, transport and storage for 7%, construction for 6.7%, agriculture, forestry and fishing for 5.7%, hotels and restaurants for 2.4%, information and communication for 1.9% and other sectors for 19.9%. Taxes contributed 9.8% to GDP.
In 2024, GDP per capita was 12 382.5 manats ($7 283). For comparison, Azerbaijan's GDP growth in 2023 was 1.1%.
See Also


Pope Francis Urges Azerbaijan and Armenia to Reach Peace Agreement in Easter Message

Azerbaijan’s Energy Minister Launches Nur Gas Project in Albania

Dagestan, Chechnya, and Stavropol Address Rising Tensions Over Namaz Ban Letter

Poland Declares Eight Georgian Law Enforcement Officials Persona Non Grata
