Market Size: In 2023, the value of the construction market was 10.6 billion USD. The average annual growth rate (AAGR) is projected to exceed 3% between 2025 and 2028.

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Future Development: The construction sector is expected to grow by 2.6% in real terms in 2024. Between 2025 and 2028, the average annual growth rate (AAGR) is projected to be 4%. This growth will be supported by investments in transportation, renewable energy, and housing projects.
Older Gross Domestic Product (GDP): In June 2024, the GDP in the construction sector was recorded at 1,725.40 million AZN, slightly lower than in March, when it stood at 1,730.60 million AZN.