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Azerbaijan forecasts production volume in processing industry for 2022

Economy Materials 11 November 2021 11:23 (UTC +04:00)

BAKU, Azerbaijan, Nov. 11

By Khagan Isayev – Trend:

The prime cost of overall production in Azerbaijan's processing industry for 2022 is forecast to be 16.2 billion manat ($9.4 billion), Trend reports referring to the draft state budget of Azerbaijan for 2022.

According to the document, the added value in the above-mentioned sector will amount, according to forecasts, over 5.728 billion manat ($3.4 billion), in 2023 - 6.268 billion manat ($3.7 billion), in 2024 - 6.825 billion manat ($4 billion) and 7.398 billion manat ($4.3 billion) in 2025.

In addition, the share of value added in the processing industry of Azerbaijan in 2022 is projected at 35.3 percent, 35.2 percent - in 2023, 35.1 - in 2024 and 34.9 percent in 2025.

At the same time, real growth in this sector in 2022 will amount to 6.3 percent, in 2023 - 6.4 percent, six percent each in 2024 and 2025.

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