Azerbaijan’s Nakhchivan economy grows
BAKU, Azerbaijan, July 16. A gross domestic product (GDP) of 835. 460 million manats (about $491. 4 million) was produced in Azerbaijan’s Nakhchivan Autonomous Republic in January-June 2026. According…
EconomyMaterials16 July 2026 15:29 (UTC +04:00)BAKU, Azerbaijan, July 16. A gross domestic product (GDP) of 835. 460 million manats (about $491. 4 million) was produced in Azerbaijan’s Nakhchivan Autonomous Republic in January-June 2026. According to a report by the Nakhchivan State Statistics Committee, the figure increased by 2. 5% compared with the same period last year. The report noted that budget revenues of Azerbaijan’s Nakhchivan Autonomous Republic, excluding subsidies, totaled 130. 363 million manats (about $76. 7 million) in January-June 2026. According to the agency, this was 1. 7% higher than in the same period of 2025. During the reporting period, budget expenditures of the autonomous republic amounted to 215. 749 million manats (about $126. 9 million), representing a 6. 2% increase compared with January-June 2025. The committee’s data also shows that 131. 696 million manats (about $77. 5 million) in investments were allocated to fixed capital in Nakhchivan during January-April 2026. This was 23. 1% higher than in the same period of 2025. According to the report “Macroeconomic Indicators of Socio-Economic Development of Azerbaijan for January-June 2026” published by the State Statistical Committee of Azerbaijan, the country’s GDP totaled 65. 207 billion manats (about $38. 36 billion) in the first six months of 2026. According to Trend’s calculations, the figure increased by 0. 8% compared with the same period of 2025. During the reporting period, value added in Azerbaijan’s oil and gas sector declined by 0. 7% to 19. 610 billion manats (about $11. 54 billion), while value added in the non-oil and gas sector increased by 1. 5% to 45. 596 billion manats (about $26. 82 billion). Tags:Nakhchivaneconomy