Industry in Azerbaijan

Azerbaijan Industry | Economic News & Forecasts

Azerbaijan - Industry

The economy accelerated markedly last year, with GDP growth climbing to 1.4% in 2018, from a meagre 0.1% expansion in 2017. A turnaround in the industrial sector, aided by a recovering energy sector, helped fuel an upturn in activity. In addition, retail trade also accelerated last year, and the agricultural sector posted a moderate improvement. While improving towards the end of the year, with petroleum output rising modestly in December, the energy sector remained downbeat, however, as oil prices tumbled in Q4.

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 %Feb 20
Stock Market0.10.0 %Feb 20

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