Baku: Over the last 6 years, Azerbaijan’s non-oil exports have doubled, said Shahmar Movsumov, Assistant to the President of Azerbaijan and Head of the Department of Economic Issues and Innovative Development Policy of the Presidential Administration, as he addressed the ‘Customs-Business Forum 2025’.
According to Azeri-Press News Agency, Movsumov highlighted that during the period from 2021 to 2024, Azerbaijan’s non-oil sector experienced an average growth of 6.7% annually. This growth contributed to increasing the non-oil sector’s share in the overall economy to 68%.
Movsumov also emphasized the role of public-private partnership mechanisms and reforms, noting that these efforts have resulted in the private sector comprising 81.4% of the economy.