The economy of Azerbaijan grew by 0.4 percent year-on-year in January-February period of 2023, slowing from a 6.7 percent expansion in the same period last year. The non-oil and gas sector advanced by 4.6 percent, while the oil and gas sector shrank by 3.6 percent. From the production side, the strongest contributions came from industries (50.3 percent) and retail trade (8.9 percent). Additional support was seen in transport & warehouse (5.3 percent), construction (3.8 percent) and agriculture, forestry & fishing (2.5 percent). source: The State Statistical Committee of the Republic of Azerbaijan
Monthly GDP YoY in Azerbaijan averaged 7.10 percent from 2006 until 2023, reaching an all time high of 116.10 percent in September of 2012 and a record low of -4.50 percent in April of 2016. This page includes a chart with historical data for Azerbaijan Monthly GDP YoY. Azerbaijan Monthly GDP YoY - data, historical chart, forecasts and calendar of releases - was last updated on March of 2023.