BAKU, Azerbaijan, May 23. Azerbaijan's GDP grew by 4.3 percent from January through April 2024, year on year, to 38 billion manat ($22 billion), Trend reports.
The data from the State Statistics Committee of Azerbaijan shows that in the reporting period, value added in the non-oil sector grew by 7.7 percent and in the oil and gas sector by 0.1 percent compared to the first four months of 2023.
Meanwhile, the share of industry in the GDP structure amounted to 40.3 percent.
Besides, the committee's data also shows that in the GDP structure, 9.5 percent came from trade and repair of vehicles, 6.9 percent from transport and warehousing, six percent from construction, 3.1 percent from agriculture, forestry, and fish farming, 2.4 percent from the tourism sector, and 1.7 percent from information and communication.
Other sectors of the economy accounted for 20.4 percent of GDP.
Net import tax revenue amounted to 10.1 percent of GDP during the period.
GDP per capita in Azerbaijan amounted to 3,748 manat ($2,204) in the reporting period.
To note, Azerbaijan's GDP in 2023 increased by 1.1 percent compared to 2022, up to 123 billion manat ($72.3 billion).