Azerbaijan’s economy grew 4.1% YoY in 2024, up from 1.1% in 2023, according to the State Statistics Committee. The oil and gas sector grew by 0.3%, while non-energy expanded 6.2%. Further, the country’s trade surplus in the first eleven months of 2024 dropped to USD 5.3 bln, from USD 9.6 bln in the corresponding period the previous year.