Jabbarov: Azerbaijan has entered group of upper middle income countries in last 20 years

As a result of the success of President Ilham Aliyev's strategic development course, Azerbaijan entered the group of upper middle income countries in 2002-2022, Minister of Economy of Azerbaijan Mikayil Jabbarov said at the conference "20 Years of Unparalleled Services to Motherland, People and Statehood" taking place in Baku, Report informs.

The minister said that the non-oil and gas economy has grown from $4 billion to $41 billion in the past period:

"The added value in the strategic areas prioritized in terms of diversification increased by 4.7 times in the non-oil and gas industry, 19 times in tourism, 23 times in information and communication, and 5 times in the transport sector. In 2022, the export of non-oil and gas products grew by 12 times compared to 2002 and exceeded $3 billion for the first time in the period of independence."