Azerbaijan’s GDP grew 1.7% in real terms in January-October 2026. Output at current prices reached AZN 115.93 billion, according to the State Statistical Committee.
Non-oil and gas value added increased 2.9%, while the hydrocarbon sector contracted 0.9%. Transport and storage expanded 10.2%, and information and communication grew 9.9%. Construction declined 6.8%.
Why the sector breakdown matters
The headline growth rate does not imply uniform demand across the economy. Sector figures provide a more useful starting point for business planning: expanding transport services and contracting construction suggest different conditions for suppliers and contractors.
The manat total and real growth rate also measure different things. One is a monetary valuation of output; the other removes price effects. They should not be treated as interchangeable measures of economic expansion.