The analyzes carried out show that Azerbaijan’s growth in the period 2026-2028 will be ensured entirely at the expense of the non-oil and gas sector.
The report reports that this is stated in the opinion of the Chamber of Accounts on the bill “On the State Budget for 2025.”
“It is expected that next year the country’s economy will grow by 3.5% in real terms and the gross domestic product (GDP) will be 129.2 billion manats. Next year, both sectors will contribute to economic growth, but growth in the non-oil and gas sector will be higher than the current year and economic growth is expected to weaken slightly due to its relative weakness compared to the expected figure.
According to the forecasts presented in the base scenario, in the medium term (except next year), in the context of the expected decline in the oil sector, both nominal and real GDP growth will be guaranteed only at the expense of non-oil sectors. oil and gas sector, and the contribution of all sectors is expected to the growth of the non-oil and gas sector,” the document states.
