Industry in Azerbaijan

Azerbaijan Industry | Economic News & Forecasts

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  

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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 %Oct 18
Stock Market0.10.0 %Oct 18

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