“In 2024, our foreign trade turnover reached approximately 47.4 billion US dollars, with a trade surplus of 5.3 billion dollars. Non-oil exports exceeded 3.3 billion dollars,” Prime Minister Ali Asadov said in his remarks concerning the Cabinet’s 2024 report at the Milli Majlis session on Friday.
The Prime Minister noted that Azerbaijan’s gross domestic product (GDP) reached 126.3 billion manats in 2024, marking a 4.1% increase compared to the same period in 2023. “In 2024, GDP grew by 0.3 and 6.2 percent in the petroleum and non-petroleum industries respectively. The non-petroleum industry increased by 7.3 percent. GDP per capita rose by 3.6 percent, reaching 12.4 thousand manats,” Asadov added.