Azerbaijan discloses GDP growth for 2021

Economy 16 January 2022 15:53 (UTC +04:00)
Azerbaijan discloses GDP growth for 2021

BAKU, Azerbaijan, Jan. 16

By Sadraddin Aghjayev - Trend:

Azerbaijan's GDP increased by 5.6 percent to 92.8 billion manat ($54.6 billion) in 2021 compared to 2020, Trend reports citing the Azerbaijani State Statistics Committee.

At the same time, GDP per capita increased by 9,269 manat ($5,452).

Added value in the oil sector increased by 1.8 percent, while in the non-oil sector - by 7.2 percent in 2021 compared to 2020.

The share of industry in the structure of GDP reached 42.5 percent, which is by over 8 percent more than in 2020.

Some 10.1 percent accounted for trade and repair of vehicles, 6.9 percent - for transport and warehousing, 5.9 percent - for agriculture, forestry and fish farming, 5.9 percent for construction and 1.8 percent for information and communications. Some 18.5 percent accounted for the share of other sectors of the economy.

Net tax revenues from the import of products amounted to 8.4 percent of GDP.


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