FX.co ★ Azerbaijan Economy Grows 1.7% in January–October

Azerbaijan’s economy expanded by 1.7% year-on-year in January–October 2026, up from 1.5% in the first nine months of the year. Growth in the non-oil and gas sector strengthened to 2.9% from 2.6% in January–September, while the decline in the oil and gas sector narrowed to 0.9% from 1.2%.

Activity accelerated in transportation and warehousing services (10.2% vs. 10.0%) and in agricultural output (1.4% vs. 1.1%), while the growth rate of retail trade turnover was unchanged at 3.8%. Industrial output also contracted at a slightly slower pace (0.7% vs. 0.8%). In contrast, growth in information and communication services eased to 9.9% from 11.1%.

Investment in fixed capital increased by 9.7%, slowing from 10.9% previously, reflecting weaker growth in investment in the non-oil and gas sector (2.3% vs. 3.1%).