The 2023 GDP composition of Azerbaijan highlights the dominant role of the mining, manufacturing, and utilities sector, accounting for 39.95% of the GDP. The services sector contributes 19.99%, while wholesale, retail trade, restaurants, and hotels account for 13.5%. Construction comprises 11.38%, followed by transport, storage, and communication at 9.19%, and agriculture, hunting, forestry, and fishing at 6%.
Looking forward, sectors such as services and construction are expected to grow due to increased urbanization and investment in infrastructure. Meanwhile, economic diversification efforts might lead to reduced dependency on mining. Key trends and investments in tourism and technology may reshape the sectoral contributions in the coming years.
Top countries in GDP Composition by Sector
| # | 6 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Mining, Manufacturing, Utilities | 39.95 | 2016 | |
| 2 | 2 Services | 19.99 | 2016 | |
| 3 | 3 Wholesale, retail trade, restaurants and hotels | 13.5 | 2016 | |
| 4 | 4 Construction | 11.38 | 2016 | |
| 5 | 5 Transport, storage and communication | 9.19 | 2016 | |
| 6 | 6 Agriculture, hunting, forestry, fishing | 6 | 2016 |
