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%).