BAKU, Azerbaijan. August 12. In January-July of this year, the positive growth trend of the main economic indicators continued, said Deputy Chairman of the National Statistical Committee Zainidin Zhumaliev, TurkicWorld reports.
The gross domestic product (GDP) in January-July 2024, according to preliminary estimates, amounted to more than 677 billion soms and increased by 8.7 percent compared to January-July 2023.
In addition, growth was observed in other key sectors of the economy. Industrial production increased by 6.4 percent, which is associated with an increase in the volume of mineral extraction and production achievements in the manufacturing industry. Agriculture also showed positive dynamics, increasing by 5.1 percent compared to the same period last year.
Trade and services grew by 7.3 percent, indicating a recovery in consumer demand and business activity. Fixed capital investment increased by 9.2 percent, indicating increased business confidence in the country's economic prospects.
Thus, current data reflect stable economic growth and positive trends in key sectors of the economy, which creates the basis for further development and achieving sustainable economic progress.
