Macro-economic indicators and social development of the country
(January - February , 2026)

18.03.2026, 16:57

Overview of Key Macroeconomic Indicators

Indicators		January–February 2026	January–February 2026 compared to corresponding period of 2025	January 2026 compared to corresponding period of 2025
A		B	C	D
			Real growth / decline
1	Economic growth, million manat
	Gross domestic product (GDP)	18 473,1	+0,3%	+1,7%
	oil-gas GDP	5 084,4	-1,7%	+0,6%
	non oil-gas GDP	13 388,7	+1,4%	+2,3%
2	Real sector, million manat
	Industrial product	9 254,2	+0,5%	+2,5%
	non oil-gas industry	3 412,5	+7,4%	+8,7%
	Agricultural product	1 140,6	+1,2%	+0,1%
	Transportation and storage services	2 267,2	+2,6%	+5,1%
	Information and communication services	608,6	+6,2%	+10,0%
	Retail trade turnover	10 090,0	+3,6%	+3,7%
	Investments to fixed capital	2 436,4	+19,4%	+75,6%
	non oil-gas sector	1 483,8	+5,1%	+73,9%
			Nominal growth / decline
3	Government finance and banking sector
	State budget revenues, million manat	6 311,5	-6,3%	-8,5%
	State budget expenditures, million manat	4 643,1	-13,5%	-38,6%
	Budget surplus (proficit), million manat	1 668,4	x	x
	Strategic currency reserves, million US dollars (as of 01.03.2026)	90 667,7	+24,6%	+26,2%
	External public debt, million US dollars (as of 01.03.2026)	4 728,0	-7,3%	-6,5%
	Credit investments in the economy¹, million manat (as of 01.02.2026)	31 863,7	+8,7%	+9,1%
	Individuals’ deposits in banks¹, million manat (as of 01.02.2026)	16 666,6	+13,4%	+14,4%
4	Social welfare and inflation
	Nominal incomes of the population, million manat	12 573,8	+5,6%	+8,6%
	Average monthly nominal salary², manat (for January 2026)	1 103,8	+3,8%	+9,3%
	Inflation (consumer price index increase)	x	+5,7%	+5,7%
5	Foreign trade, million US dollars
	Trade turnover² (for January 2026)	3 092,1	-25,1%	+3,2%
	Export	1 789,9	-13,8%	-6,9%
	non oil-gas export	268,4	+9,1%	+8,1%
	Import	1 302,2	-36,5%	+15,8%