BAKU, Azerbaijan, June 11. If we look at the
structure of the gross domestic product, we can see that more than
71 percent of the country’s economy—specifically 71.5
percent—belongs to the non-oil sector, Azerbaijan’s Minister of
Economy Mikayil Jabbarov said in an exclusive interview with
AZERTAC and İTV.
According to him, this means that the share of the oil and gas
sector accounts for less than 30 percent. The policies implemented
over the past 20 years have led to a positive transformation in the
structure of the economy.
“If we look back 20 years, we see that this indicator did not
even reach 45 percent, standing at around 43.5–43.6 percent. This
shows the path we have covered. It demonstrates that the policies
pursued have been successful. Despite the fact that during these 20
years, as you may recall, the country experienced a rather serious
devaluation shock—one of the deepest in our modern economic
history—despite all this, the structural transformation of the
economy has taken place to a certain extent,” he said.
