BAKU, Azerbaijan, April 14. Azerbaijan's GDP reached 30.037 billion manat ($17.67 billion), increasing by 6.8 percent from January through March 2022 compared to the same period in 2021, the State Statistical Committee of Azerbaijan told Trend.
According to the Committee, in the first quarter of 2022, value added in the non-oil sector grew by 10.3 percent, while in the oil and gas sector – by 0.6 percent compared to the same period in 2021.
The share of industry in GDP accounted for 54.1 percent.
According to the State Statistical Committee, 7.9 percent of GDP fell on trade and repair of vehicles, 5.8 percent – on transport and storage, 3.7 percent – on construction, 2.2 percent – on agriculture, forestry and fish farming, 1.3 percent – on information and communications, as well as 1.3 percent – on the tourism sector. Some 15.7 percent accounted for other economic sectors.
Net import tax revenues during this period made up 8 percent of GDP.
From January through March 2022, GDP per capita in Azerbaijan rose by 58.1 percent compared to the first three months of 2021, settling at 2,990 manat ($1,759).