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Azerbaijani President: Diversification of economy is already a reality

Azerbaijani President: Diversification of economy is already a reality
22 April 2026 21:35   23 Apr 2026 02:38 Share

“We tried in Azerbaijan hard in order to transform the country from being purely dependent on oil and gas into a country which can be proud of the process of diversification of our economy,” said President Ilham Aliyev during his speech at the Azerbaijan-Latvia business forum, according to AZERTAC.

“If you look at the structure of our GDP, we see rapid growth during the last 4–5 years. The share of non-oil industry in our GDP grew from 50 to more than 70%, and it continues. So this means that diversification of the economy is already a reality,” the President of Azerbaijan emphasized.



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