Page 24 - Caucasus Outlook 2023
P. 24
2.3.4 Industrial production
The nominal volume of industrial production in Azerbaijan in
January-November was AZN80bn (~$47bn), a decline compared to the
first 10 months of 2021 of 1.1% according to the State Statistics
Committee. The volume of industrial production in the non-oil and gas
sector increased by 5%, while in the oil and gas sector it decreased by
2.2%.
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