Azerbaijan GDP Grows 0.8% in January–June

Azerbaijan’s gross domestic product grew 0.8% in January–June 2026, picking up from a flat reading in the first five months of the year but slowing from a 1.5% expansion in the same period last year. This marked the strongest growth since January, with value added in the non-oil and gas sector accelerating to 1.5% from 0.4% in the first five months, while value added in the oil and gas sector contracted 0.7%, easing from a 1.0% decline.

Azerbaijan’s gross domestic product recorded a flat reading in January–May 2026, following 1.5% growth in the same period last year. The stagnant performance was mainly driven by the oil and gas sector, which contracted 1.0%, worsening from a 0.9% decline last month, while growth in the non-oil and gas sector slowed to 0.4% from 0.7%. On the production side, industry remained the largest contributor to GDP, accounting for 36.3%, followed by trade and vehicle repair (10.5%), transport and warehousing (7.4%). Construction accounted for 4.6% of the economy, agriculture, forestry, and fishing for 4.2%, tourist accommodation and catering for 2.9%, and information and communication for 2%, while other sectors made up 22.8% of the economy. Net taxes on products and imports accounted for 9.3% of the GDP.

Azerbaijan’s gross domestic product rose by 0.2% year-on-year in January–April 2026, slowing from a 0.9% expansion in the same period last year. The weaker growth was mainly driven by the oil and gas sector, which contracted by 0.9%, while the non-oil and gas sector expanded by 0.7%. On the production side, industry remained the largest contributor to GDP, accounting for 35.7%, followed by trade and vehicle repair (10.6%) and transport and warehousing (7.3%). Construction accounted for 4.9% of the economy, agriculture, forestry, and fishing for 3.5%, tourist accommodation and catering for 3.0%, and information and communication for 2.1%, while other sectors made up 22.8% of GDP. Net taxes on products and imports accounted for 10.1% of the economy.