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Minister of Economy: “GDP per capita is expected to be $7,200 this year”

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Minister of Economy: “GDP per capita is expected to be ,200 this year”

“In October this year, the International Monetary Fund predicts that the growth rate of the world economy will be 3.2 percent for the current and next year. Azerbaijan’s economy has shown stable development both in recent years as in the current year”.

AZERTAC reports that Minister of Economy Mikail Jabbarov spoke these words during his speech at the Parliament meeting on November 25.

He said that in 2019-2024, taking into account the year 2024, the country’s real gross domestic product is expected to increase by 14.4 percent, and the real gross domestic product in the non-oil and gas sector is expected to increase by 14.4 percent. increase by 1.3 times.

“While the gross domestic product per capita in the pre-COVID-19 period was about $4,850 in 2019, this indicator is expected to reach about $7,200 by the end of 2024,” the minister added.

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