Azerbaijan GDP Grows 1.5% in January–September

Azerbaijan’s economy grew 1.7% year-on-year in January–October 2026, following a 1.5% expansion in the first nine months of the year. The non-oil and gas sector continued to advance (2.9% vs 2.6% in January–September), while contraction in the oil and gas sector eased (-0.9% vs -1.2%). Growth accelerated in transportation and warehousing services (10.2% vs 10.0%) and agricultural output (1.4% vs 1.1%), while retail trade turnover growth remained unchanged at 3.8%. Industrial output also declined at a slower pace (-0.7% vs -0.8%). Meanwhile, growth moderated in information and communication services (9.9% vs 11.1%). Investment in fixed capital growth slowed to 9.7% from 10.9% previously, amid weaker growth in the non-oil and gas sector (2.3% vs 3.1%).

Azerbaijan’s economy grew 1.5% year-on-year in January–September 2026, following a 1.2% expansion in the first eight months of the year. The non-oil and gas sector continued to advance (2.6% vs 2.1% in January–August), while contraction in the oil and gas sector deepened (-1.2% vs -0.8%). Growth accelerated in transportation and warehousing services (10.0% vs 8.7%) and information and communication services (11.1% vs 10.7%). Meanwhile, growth moderated in agricultural output (1.1% vs 2.6%) and retail trade turnover (3.8% vs 3.9%), while industrial output continued to decline (-0.8% vs -0.4%). Investment in fixed capital rose 10.9%, compared with 10.0% previously, amid stronger growth in the non-oil and gas sector (3.1% vs 1.4%).

Azerbaijan’s economy grew 1.2% year-on-year in January-August 2026, slowing from a 1.4% expansion in the first seven months of the year. The oil and gas sector contracted further (-0.8% vs -0.6% in the January-July period), while growth in the non-oil and gas sector eased slightly (2.1% vs 2.2%). Industrial output fell 0.4%, reversing a 0.3% rise. Growth also moderated in agricultural output (2.6% vs 2.8%). Meanwhile, transportation and warehousing services (8.7% vs 7.1%), information and communication services (10.7% vs 10.4%), and retail trade turnover (3.9% vs 3.8%) continued to increase. Investment in fixed capital rose 10%, compared with 10.7% previously, amid weaker growth in the non-oil and gas sector (1.4% vs 1.9%).