On September 10, the State Statistics Committee reported that from January to August 2025, average annual inflation reached 5.6%, GDP grew by 1%, and industrial production showed mixed results with strong growth in pharmaceuticals and textiles but declines in several manufacturing and high-tech sectors. During this period, prices of food products, beverages, and tobacco rose by 6.6%, non-food products by 2.6%, and services by 6.9%. Inflation in August 2025 compared to August 2024 was 4.9%, with food products increasing by 6.6%, non-food products by 2.1%, and services by 4.9%. Monthly inflation in August 2025 compared to July was 0.4%.

Azerbaijan generated just under 83.038 billion manats (over $48.8 billion) of GDP in the first eight months of 2025, marking a 1% year-on-year increase. The added value from the oil and gas sector fell by 2.1%, while the non-oil and gas sector grew by 2.6%. Industry accounted for 34.9% of GDP, followed by trade and vehicle repair at 10.3%, transport and warehousing at 7.1%, agriculture, forestry, and fishing at 6.3%, construction at 6.3%, and tourism and catering at 2.8%. Information and communication contributed 1.8%, while other areas along with net taxes on products and imports represented 30.5%. GDP per capita was 8,111.3 manats (about $4,771.35).

Investments in fixed capital totaled 11.37 billion manats ($6.69 billion), a slight decline of 0.2% compared to the same period in 2024. Investments in the oil and gas sector decreased by 16.6%, whereas investments in the non-oil and gas sector rose by 8%. Of the total, 5.8 billion manats ($3.41 billion) went to production sectors, 3.82 billion manats ($2.25 billion) to service sectors, and 1.75 billion manats ($1.03 billion) to residential construction. Domestic investments accounted for 8.75 billion manats ($5.15 billion), or 77% of the total, while 8.99 billion manats ($5.29 billion), or 79%, were directed to construction and installation works.

Industrial enterprises and individual entrepreneurs produced goods worth 42 billion manats ($24.7 billion), marking a 1.2% decline compared to the same period last year. Production in the oil and gas sector fell by 2.1%, while the non-oil and gas sector grew by 4.8%. Industrial output was comprised of 61.2% from mining, 32.3% from manufacturing, 5.5% from electricity, gas, and steam production and distribution, and 1% from water supply, waste treatment, and recycling. In the mining sector, commercial oil production dropped by 4.7%, while commercial gas production rose by 2.8%.

Manufacturing showed mixed results, with notable growth in pharmaceuticals (+93.5%), wood processing (+85.6%), textiles (+29%), food production (+10.8%), the chemical industry (+8.4%), tobacco products (+8%), rubber and plastics (+6.1%), and machinery and equipment (+0.7%). Conversely, declines were observed in oil products (–0.1%), beverages (–0.4%), construction materials (–4.2%), furniture (–7.6%), metallurgy (–12.3%), metal products (–12.7%), electrical equipment (–13.8%), machinery installation and repair (–14%), apparel (–20.8%), leather and footwear (–22.1%), printing (–23.6%), automotive, trailers, and semi-trailers (–24.8%), paper and cardboard (–26.2%), and computers, electronics, and optics (–29.1%). Output in electricity, gas, and steam rose by 1.6%, while water supply, waste treatment, and recycling increased by 4.4%.