GDP in Azerbaijan
Azerbaijan - GDPThe economy of Azerbaijan swung back to expansion at the beginning of the year, a welcome development following its steepest contraction in two decades in 2016. According to monthly GDP data released by the country’s statistical office, year-on-year GDP growth was 0.8% in January, fueled by healthy growth in the non-oil sector. Strong government spending and moderate growth in industrial and agricultural production led the way for the ailing hydrocarbon dependent country. Investment levels continued to fall but at a much slower pace than last year when investment was down almost 30% as a result of low oil prices.
Azerbaijan - GDP Data
|Economic Growth (GDP, annual variation in %)||0.1||2.2||5.8||2.8||1.1|
5 years of economic forecasts for more than 30 economic indicators.
Azerbaijan GDP Chart
|Exchange Rate||1.74||-0.01 %||Mar 28|
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