Share of services in GDP | Azerbaijan – yearly data, chart and table

The services industries value added of Azerbaijan in 2024 amounted to 42.32% of GDP. In 2023, the value was  39.76%. According to the World Bank data, since 1990, this indicator has increased in 1.22 times.  The lowest services share of GDP was recorded in 2007, with a value of 21.76%. The services industries value added share in Azerbaijan was in 1998, when it reached 43.34% of GDP.
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and retaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output.