Azerbaijan's GDP increases for 4M2022

Economy Materials 16 May 2022 12:39 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, May 16. Azerbaijan's GDP increased from January through April 2022, the State Statistical Committee told Trend.

According to the committee, this figure reached 39.5 billion manat ($23.2 billion), up by 7.2 percent on annual basis.

In the first four months of this year, value-added in the non-oil sector grew by 11.4 percent, while in the oil and gas sector – by 0.2 percent compared to the same period in 2021, the committee said.

Meanwhile, the share of industry in the GDP accounted for 54.8 percent.

According to the committee, 7.7 percent of GDP fell on trade and repair of vehicles, six percent – on transport and storage, four percent – on construction, 2.4 percent – on agriculture, forestry, and fish farming, 1.4 percent – on information and communications, as well as 1.3 percent – on the tourism sector. Some 14.5 percent accounted for other economic sectors.

Net import tax revenues in 4M2022 made up 7.9 percent of GDP.

At the same time, GDP per capita in Azerbaijan settled at 3,938.4 manat ($2,320).