In 2023, the construction sector contributed approximately 7% to Azerbaijan’s GDP, representing a 0.5% increase from 2022. This once again highlights the importance of construction in the country’s economic development.

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GDP in the Construction Sector: In the second quarter of 2024, Azerbaijan’s GDP in the construction sector reached 596.10 million AZN, an increase from 381.90 million AZN in the first quarter of 2024.The average GDP in the construction sector from 2001 to 2024 was approximately 556.88 million AZN, with a peak of 1,345.30 million AZN recorded in the fourth quarter of 2014.
Older In 2023, the total volume of the construction market of Azerbaijan was estimated at a record value of 18.36 billion manats. However, the average annual growth rate predicted between 2025 and 2028 will be more than 4% and it is expected to reach 22.34 billion manats in 2028.