Azerbaijan’s retail sector records growth in trade turnover

Business News 10 August 2026 16:34 (UTC +04:00)
Azerbaijan’s retail sector records growth in trade turnover
Sadig Javadov
Sadig Javadov
Economic Journalist Read more

BAKU, Azerbaijan, August 10. From January through July of this year, goods worth 38.35 billion manat ($22.53 billion) were sold to consumers in Azerbaijan’s retail sector.

This was announced in a report published by the State Statistical Committee.

According to the report, this represents a 3.8% increase compared to the same period last year.

Meanwhile, from January through June of this year, goods worth 32.389 billion manat ($19.06 billion) were sold to consumers in Azerbaijan’s retail sector.

Compared to the first six months of 2025, retail sales grew by 3.7% in real terms.

In total, Azerbaijan generated a GDP of 76.818 billion manat ($45.1 billion) for the period from January through July of this year. This figure increased by 1.4% compared to the same period in 2025.

Over the reporting period, value added in the oil and gas sector of the economy decreased by 0.6% to 22.917 billion manat ($13.4 billion), while in the non-oil and gas sector, it increased by 2.2% to 53.901 billion manat ($31.71 billion).

The retail sector includes all businesses that sell goods and services directly to end consumers for personal use. It sits at the final stage of the supply chain, acting as a bridge between producers or wholesalers and everyday buyers. The Retail industry is a major global economic driver and a massive source of jobs.

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