Day: December 8, 2025
The government’s push to broaden the economic base is beginning to show measurable results. Between 2021 and 2024, Azerbaijan’s non-oil sector expanded at an average annual rate of 6.7%, lifting its share of GDP to 68%. The rapid rise in non-oil exports, which have doubled over the past six years, reflects growing competitiveness in agriculture, food processing, manufacturing, and services, sectors increasingly integrated into regional value chains.
The transformation is also being powered by private enterprise. The private sector now accounts for…