Industry in Azerbaijan

Azerbaijan Industry | Economic News & Forecasts

Azerbaijan - Industry

The oil sector’s sluggish outturn in January–April caused the economy to lose ground in this period when compared with the first three months of the year. Oil production withered from the same period last year, which in turn likely reduced oil export income and dragged on government revenues; at the same time, expenditures rose more rapidly on the rollout of infrastructure development projects. Non-oil activity, however, accelerated. Agricultural output picked up in the first four months, as did information and communication services, and non-oil industry maintained a strong expansion. Moreover, domestic demand seemed to remain resilient: A solid inflow of remittances likely boosted household spending, as evidenced by sustained healthy retail sales growth, while the fall in fixed investment softened.

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 %Jun 20
Stock Market0.10.0 %Jun 20

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