IMF projects 4.5% growth in Azerbaijan’s non-oil GDP for 2025

The International Monetary Fund (IMF) projects that Azerbaijan’s non-oil Gross Domestic Product (GDP) will grow by 4.5% in 2025.

The country’s non-oil GDP is expected to increase by 3.7% in 2026 and by 3.5% by 2030, Caliber.Az reports via IMF.

Overall economic growth in Azerbaijan is projected to slow to 3% in 2025, down from 4.1% in 2024, while total GDP growth is forecast at 2.5% in both 2026 and 2030.

Meanwhile, according to the Azerbaijani government’s estimates, real GDP growth for next year is expected to reach 2.9%, including a 5% rise in the non-oil and gas sector.

By Jeyhun Aghazada