Industry in Azerbaijan
Azerbaijan - Industry
Available data suggests that Azerbaijan’s recovery remained on track in the third quarter, although growth remains modest overall. Cumulative GDP expanded 0.7% between January and August over the same period last year, notably contrasting the contraction recorded in the same timeframe last year. Positive dynamics in the non-oil sector have largely been driving the recovery, with non-oil industry growing over 10% annually in the first eight months of the year. Low inflation and an improvement in Russia’s economy have also supported activity. However, growth has been restrained by plunging investment due to oil-related activities.Azerbaijan - Industry Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | 1.8 | -0.7 | 2.4 | -0.5 | -3.4 |
Azerbaijan Industry Chart
Source: State Statistical Committee
Azerbaijan Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 1.70 | -0.66 % | Oct 18 |
| Stock Market | 0.1 | 0.0 % | Oct 18 |
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