BAKU, Azerbaijan, January 12. Azerbaijan's real GDP grew by over 3.6 times over the past 20 years, said President of the country's National Confederation of Entrepreneurs (Employers) Organizations Mammad Musayev, Trend reports.
Musayev made his statement during a conference titled "State-business partnership: the basis of a sustainable economy" held in Baku.
"GDP per capita increased from $769 to $7,798. Non-oil and gas GDP increased from $4.1 billion to $41.1 billion. The volume of the country's foreign trade turnover increased more than 9.5 times and reached $50 billion. Non-oil and gas exports increased by more than 8.9 times and reached a record level, exceeding $3.3 billion," he noted.
The conference held at the Heydar Aliyev Center in Baku was initiated by representatives of various business associations and entrepreneurs working in industries such as manufacturing, construction, agriculture, logistics, ICT, healthcare, insurance, tourism, textiles, and other sectors.
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