BAKU, Azerbaijan, December 9. The non-oil
sector will exceed 80 percent in Azerbaijan's GDP in 2029, Prime
Minister Ali Asadov said during the discussion of draft laws within
the 2026 state budget envelope at today's plenary session of the
parliament, Trend
reports.
“In the medium term, the driving force of our economy will be
the non-oil sector. If at the beginning of the strategy—in 2022—the
non-oil sector accounted for 52 percent of GDP (72 percent in
2025), this ratio will exceed 80 percent in 2029,” he
explained.
The prime minister noted that the Azerbaijani economy has dived
headfirst into a whirlwind of technological modernization and
digital transformation in recent years.
"The qualitative indicators of economic growth have increased,
modernization of economic infrastructure, innovation, and
digitalization have become the main priorities," he added.
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