Azerbaijan’s State Statistical Committee published its main macroeconomic indicators for January–September on 9 October 2026. The table put gross domestic product (GDP) at 102,048.2 million manats, up 1.5% in real terms from the same nine months of the previous year. The nominal manat amount and the real growth rate describe different things: a current total value and a comparative movement in volume. This article follows the periods and definitions in the Committee’s release.

Value added in the oil-and-gas sector fell 1.2% in real terms year on year, while the non-oil-and-gas component grew 2.6%. In the Committee’s earlier January–August table, the corresponding figures were minus 0.8% and plus 2.1%. Adding September therefore shows a deeper decline in the first component and faster growth in the second. This indicates that annual growth was uneven across sectors; it does not by itself describe production volumes, exports or incomes.

Under the real-sector heading, total industrial output was 51,178.1 million manats and declined 0.8% in real terms. Non-oil-and-gas industry recorded 16,558 million manats and grew 5.4% in real terms. The split matters: total industry includes oil-and-gas activities, while the non-hydrocarbon indicator has a narrower scope. The comparison does not mean non-oil industry fully offset the overall industrial decline; the scopes and weights differ. The Committee also recorded a 1.1% real rise in agricultural output.

Transport and storage services grew 10.0% in real terms, while information and communication services grew 11.1%. Retail trade turnover rose 3.8%, and fixed-capital investment increased 10.9%. These figures sit in the same table but are distinct measures: services value added, retail turnover and capital formation cannot be substituted for one another. The non-oil-and-gas investment line shows 9,813.4 million manats and annual growth of 3.1%, different from the overall investment increase of 10.9%.

Nominal population income was reported at 72,711.7 million manats, a 9.6% nominal increase year on year. Average monthly nominal wages are reported only for January–August: 1,173 manats, up 7.2% from a year earlier. Consumer prices rose 5.7% in the January–September comparison. A nominal increase in wages or incomes should not be read directly as an equivalent increase in purchasing power; price and income measures would need aligned periods and definitions.

State budget revenue for January–September was 29,312.1 million manats and expenditure was 25,348.2 million; the table records a surplus of 3,963.9 million manats. Strategic foreign-exchange reserves stood at 89,380.7 million US dollars as of 30 September. This is a stock measured at a date, not annual output or a flow. External public debt was also a stock on that date, reported at 4,509.5 million US dollars. Dollar values are reproduced from the source without conversion.

The release limits foreign-trade data to January–August. Turnover was 33,934.9 million US dollars, with exports of 22,511.5 million and imports of 11,423.4 million. Non-oil-and-gas exports were 6,278.8 million dollars, 2.6 times the comparable period. That window differs from the January–September GDP period, so the figures cannot be combined to infer September trade. The release provides official observed or preliminary statistics, not an annual forecast or target. Real year-on-year rates for January–September, nominal financial and trade values, and point-in-time stocks are separate categories. A statistical rate does not in itself explain the cause of a sectoral change.