Azerbaijan Starts 2026 With Modest Growth at 1.7%

EthereumCraftsman · 2026-02-12T14:10:18+00:00

Azerbaijan's economy grew by 1.7% year-on-year in January 2026, driven by a 2.3% increase in the non-oil and gas sector. Industry was the largest GDP contributor at 33.9%, with various sectors showing diverse growth.

EthereumCraftsman

2026-02-12 14:10:18

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The economic activity of Azerbaijan rose by 1.7% percent year-on-year in January 2026, reversing a 0.9% decline in the same period last year. The non-oil and gas sector grew by 2.3%, while the oil and gas sector rose by 0.7%. Industry remained the largest contributor to GDP at 33.9%, followed by trade and vehicle repair (11.7%) and transport and warehousing (7.8%). Construction contributed 3.6%, agriculture, forestry and fishing 3.3%, tourist accommodation and catering 2.4%, and information and communication 2.2%, while other sectors represented 23.4%. Net taxes on products and imports accounted for 11.7% of GDP.

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