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Azerbaijan reveals GDP growth for 7M2022

Economy Materials 9 August 2022 15:27 (UTC +04:00)
Azerbaijan reveals GDP growth for 7M2022
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, August 9. Azerbaijan's GDP reached 74.15 billion manat ($43.66 billion) from January through July 2022, increasing by 6.2 percent compared to the same period of 2021, the State Statistical Committee told Trend.

In the first seven months of 2022, the value added in the non-oil sector grew by 9.9 percent, while the added value cost in the oil and gas sector – decreased by 0.4 percent against the same period of 2021.

The share of industry in GDP accounted for 52.9 percent.

According to the agency, 7.7 percent of GDP fell on trade and repair of vehicles, six percent – on transport and storage, five percent – on agriculture, forestry, and fish farming, 3.8 percent – on construction, 1.3 percent – on information and communication, as well as 1.4 percent – on the tourism sector. A total of 14.3 percent accounted for other economic sectors.

The net import tax revenues during this period made up 7.6 percent of GDP.

In the reporting period, GDP per capita in Azerbaijan settled at 7,375 manat ($4,342).

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