Azerbaijan’s GDP slightly increases in January-February


The GDP of Azerbaijan in January-February 2023 increased by 0.4 percent amounting to AZN19.8bn ($11.7bn), Azernews reports citing State Statistical Committee.

According to the Committee, value added produced in the oil-gas sector decreased by 3.6 percent, while in the non-oil-and-gas sector, it increased by 4.6 percent.

A total of 50.3 percent of GDP was produced in industry, 8.9 percent in trade, 5.3 percent in transport and warehouse, 3.8 percent in construction, 2.5 percent in agriculture, forestry and fishing, 1.5 percent in information and communication, 1.8 percent in tourists’ accommodation and public catering, 16.9 percent other fields, 8,1 percent net taxes on product and import.—Azer News