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Non-oil sector reaches 71.5%

Mikayil Jabbarov: Non-oil sector reaches 71.5%. Positive shift in economic structure.

Sebastian Young
BySebastian Young- Senior Editor
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Minister of Economy Mikayil Jabbarov said the non-oil sector now accounts for 71.5% of Azerbaijan's economy.

In an interview with AZERTAC, he noted: "Looking at the GDP structure, over 71% of our economy is the non-oil sector, so the oil and gas sector is less than 30%."

Jabbarov highlighted that policies over the past 20 years have led to positive structural changes. Two decades ago, the non-oil share was below 45%.

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Non-oil sector reaches 71.5% | Bond.az