By the end of 2027, Azerbaijan’s gross domestic product (GDP) is forecast to stand at 141 billion manats, with non-oil and gas GDP accounting for 109.1 billion manats.
According to the Azerbaijan`s Ministry of Finance, by 2030, GDP is projected to reach 169.1 billion manats, while non-oil and gas GDP is expected to reach 138.6 billion manats. Over the medium term, real GDP growth is forecast to average 3.3% annually, while non-oil and gas GDP growth is expected to average 4.4% per year. The share of the non-oil and gas sector in GDP is expected to reach 82% by 2030.
