Value added in Azerbaijan's non-oil sector declines
By Trend
Azerbaijan produced goods worth 72,432.2 million manat ($42.6 million) in 2020, which is 4.3 percent less than GDP for 2019, according to preliminary data, Trend reports citing the country’s State Statistical Committee.
The value added in the non-oil and gas sector of the country’s economy decreased by 2.6 percent, and in the oil and gas sector - by 7 percent.
“Industrial production accounted for 33.7 percent of GDP, trade - 11.5 percent, vehicle repair and construction - 7.7 percent, transport and storage - 7.1 percent, agriculture, forestry and fishing - 6.9 percent , information and communication - 2 percent, catering and tourist accommodation - 1.2 percent, other spheres accounted for 20.2 percent. Net tax on goods and imports amounted to 9.7 percent of GDP,” said the committee.
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