Azerbaijan’s economic outlook through 2030 places diversification at the centre of its development strategy. The government projects gross domestic product to reach 169.1 billion manat, equivalent to approximately $99.5 billion, by the end of the decade, with the non-oil and gas sector accounting for 82% of GDP. These targets outline an ambitious economic agenda built around industrial expansion, stronger exports, investment and the development of higher-value economic activities.
According to Azerbaijan’s Ministry of Finance, average annual real GDP growth is projected at 3.3% over the medium term, while the non-oil and gas economy is expected to expand by an average of 4.4%. Non-oil and gas GDP is forecast to reach 138.6 billion manat, or approximately $81.5 billion, by 2030. These figures establish a clear benchmark for measuring the progress of economic diversification.
The latest economic indicators already reveal important developments across several sectors. Azerbaijan’s State Statistical Committee reported that non-oil and gas industry output increased by 5.4% year on year during January–September 2026. Transportation and storage services grew by 10%, while information and communication services expanded by 11.1%.
These results highlight the growing contribution of manufacturing, logistics and digital services to economic activity. Export performance offers another encouraging indicator. According to the Center for Analysis of Economic Reforms and Communication, Azerbaijan’s non-oil exports, excluding non-monetary gold, reached $1.8 billion during the first half of 2026, representing growth of 16.9% year on year.
Agricultural exports increased by 23.9% to $563.9 million, while agro-industrial exports rose by 35.3% to $195.9 million. Combined exports from these two categories reached $759.8 million, demonstrating the commercial potential of agriculture and food processing. These developments create opportunities to move further along the value chain.
Agricultural production can generate greater economic returns through food processing, packaging, cold-storage facilities, modern irrigation and internationally recognised quality standards. Azerbaijan’s geographical position provides access to markets across the South Caucasus, Central Asia, Türkiye and Europe. Expanding processing capacity and strengthening distribution networks can help domestic producers reach more customers and develop internationally competitive brands.
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