Azerbaijan’s economic outlook through 2030 places diversification at the centre of its development strategy. The government projects gross domestic product to reach 169.1 billion manat, equivalent to approximately $99.5 billion, by the end of the decade, with the non-oil and gas sector accounting for 82% of GDP. These targets outline an ambitious economic agenda built around industrial expansion, stronger exports, investment and the development of higher-value economic activities.

According to Azerbaijan’s Ministry of Finance, average annual real GDP growth is projected at 3.3% over the medium term, while the non-oil and gas economy is expected to expand by an average of 4.4%. Non-oil and gas GDP is forecast to reach 138.6 billion manat, or approximately $81.5 billion, by 2030. These figures establish a clear benchmark for measuring the progress of economic diversification.

The latest economic indicators already reveal important developments across several sectors. Azerbaijan’s State Statistical Committee reported that non-oil and gas industry output increased by 5.4% year on year during January–September 2026. Transportation and storage services grew by 10%, while information and communication services expanded by 11.1%. These results highlight the growing contribution of manufacturing, logistics and digital services to economic activity.

Export........

© AzerNews