FX.co ★ Azerbaijan GDP Growth Nears One-Year High

Azerbaijan's economy exhibited a growth of 1.6% from January to November 2025 compared to the previous year, reflecting an increase from the 1.3% growth observed in the first ten months up to October. However, this represents a deceleration from the 4.1% rise recorded in the same period of the previous year. This rate of growth is the fastest since December 2024. In the breakdown of sector contributions, the non-oil and gas sector saw an increase of 3.2%, whereas the oil and gas sector experienced a decline of 1.8%. From a production perspective, the industrial sector emerged as the largest contributor, forming 34% of the GDP. This was followed by trade and vehicle repair, which accounted for 10.6%, transport and warehousing at 7.2%, construction at 6.5%, agriculture, forestry, and fishing comprising 6.4%, tourist accommodation and public catering at 2.8%, information and communication at 1.9%, other sectors at 21.1%, and finally, net taxes on products and imports contributed 9.5%.