Industry in Azerbaijan

Azerbaijan Industry | Economic News & Forecasts

Azerbaijan - Industry

Recent data showed that the economy’s lackluster performance over the first three quarters carried over into the outset of the fourth quarter, with the 0.8% year-on-year expansion recorded in the first nine months sustained in January–October. Growth has been fueled by a buoyant non-oil sector, while a weak oil sector—which has seen production shrink in recent years—has dragged on overall economic activity. Agricultural output picked up in October amid favorable weather conditions, while retail sales continued expanding a healthy pace at the start of the final quarter as a tight labor market and subdued inflationary pressures held up households’ purchasing power.

Azerbaijan - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)1.8  -0.7  2.4  -0.5  -3.4  

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Azerbaijan Industry Chart

Azerbaijan Industry
Note: Industrial production, annual variation in %.
Source: State Statistical Committee

Azerbaijan Facts

Exchange Rate1.70-0.66 %Dec 11
Stock Market0.10.0 %Dec 11

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