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Azerbaijan's Economy Gains Foothold In 2M2026
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, March 15. Azerbaijan produced
18.47 billion manat ($10.9 billion) in Gross Domestic Product (GDP)
from January through February 2026, which is 0.3% more compared to
the same period of the previous year, Trend reports via the State Statistical
Committee.
The value addition in the oil and gas domain saw a decline of
1.7%, whereas the non-oil and gas sector experienced an uptick of
1.4%.
The composition of GDP production is delineated as follows: 32.7%
attributed to industry, 11.4% to trade and vehicle repair, 7.5% to
transport and warehousing, 3.9% to construction, 3.2% to
agriculture, forestry, and fishing, 2.8% to accommodation and food
services, 2.1% to information and communication sectors, and 24.1%
to various other sectors.
Net taxation on goods and imports represented 12.3% of the gross domestic product.
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