17 Jan 2023 14:57

Azerbaijan's GDP grew 4.6% in 2022 - Statistics Committee

BAKU. Jan 17 (Interfax) - Azerbaijan's GDP grew 4.6% in 2022, the country's State Statistics Committee told Interfax.

Non-oil GDP rose 9.1% while oil and gas sector GDP fell 2.7%.

Nominal GDP was 133.8 billion manat.

Industry accounted for 51.1% of GDP, trade and automotive repair for 8.2%, transport and logistics for 6%, construction for 4.8%, agriculture, forestry and fisheries for 4.8%, hospitality services for 1.6%, information and communications for 1.4% and taxes for 7.4%.

GDP per capita was 13,300 manat.

The Azerbaijani government forecast 3.5% economic growth and nominal GDP of 130b manat in 2022. The country's GDP grew 5.6% in 2021, with non-oil GDP rising 7.2%.