GDP in Azerbaijan
Azerbaijan - GDPAzerbaijan’s economy has begun to show signs of revival. In August, despite a steeper headline GDP contraction of 1.1% annually, the economy’s non-oil sector registered a 2.4% expansion according to the Statistical Institute’s monthly GDP estimate. The improvement was powered by a strong performance in the non-oil industrial sector, as well as the first expansion in fixed investment in almost two years. Despite the multi-year economic slump caused by the global downturn in oil prices, households continued to spend at a healthy pace, with retail sales growth remaining positive. The improvement in the non-oil sector was further supported by strong overseas demand for Azerbaijani goods, while imports continued to contract, albeit at a slower pace.
Azerbaijan - GDP Data
|Economic Growth (GDP, annual variation in %)||2.2||5.8||2.8||1.1||-3.8|
5 years of economic forecasts for more than 30 economic indicators.
Azerbaijan GDP Chart
|Exchange Rate||1.71||-0.01 %||Oct 16|
|Stock Market||0.1||0.0 %||Oct 16|
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