Azerbaijan’s GDP Grows by 1.7% Amidst Sectoral Shifts

Baku:Azerbaijan's gross domestic product (GDP) reached AZN 115 billion 930.5 million from January to October 2026, representing a real growth of 1.7% compared to the same period last year, as reported by the State Statistical Committee.

According to Azeri-Press news agency, the economic performance showed a divergence between the oil and gas sector and the non-oil and gas sector. The oil and gas sector experienced a decline in value added by 0.9%, whereas the non-oil and gas sector saw an increase of 2.9%.

In terms of contribution to the GDP, the oil and gas sector generated AZN 35 billion 229.1 million, accounting for 30.4% of the total GDP. Meanwhile, the non-oil and gas sector contributed AZN 80 billion 701.4 million, making up 69.6% of the GDP.