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Azerbaijan's economy grew strongly in 2024, driven by industrial expansion, infrastructure development, and rising exports.
Azerbaijan's economy shows strong growth in 2024, with a 15.6-fold increase in notebook and computer production, a 9.6% rise in brick output, and higher hazelnut export earnings.
Imports of Turkish construction materials dropped over 19%, indicating shifting trade patterns or increased domestic production.
The country advanced infrastructure projects, including the Nakhchivan railway, and strengthened regional ties through initiatives like the North-South Corridor and Turkic cooperation.
Credit rating agencies affirmed positive outlooks, citing economic diversification, energy corridor progress, and decarbonization.
Tourism from Western Europe rose, and cultural events drew large crowds.
La economía de Azerbaiyán creció con fuerza en 2024, impulsada por la expansión industrial, el desarrollo de infraestructura y el aumento de las exportaciones.