Central Bank of Azerbaijan: economic growth expected at 1.3% this year

Source: Report.az · October 29, 2026, 21:34

Central Bank of Azerbaijan Chairman Taleh Kazimov said economic growth in the country is expected to reach 1.3% this year and 2.3% next year. Report.az reported the statement.

According to Kazimov, non-oil GDP is forecast to grow 2.8% this year and 4.3% next year. Economic growth reached 1.5% over the first nine months. Based on September figures, non-oil GDP grew 2.6%. Tourism, trade, communications and other sectors are supporting non-oil growth.

"Our forecasts are optimistic," Kazimov said. "In particular, this year's forecasts have been revised upward."

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Taleh Kazimov
Central Bank of Azerbaijan
Azerbaijan economic growth forecast
non-oil GDP Azerbaijan
Azerbaijan economy

This story was automatically summarised and translated from Report.az. All rights to the story belong to its source.

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Central Bank of Azerbaijan: economic growth expected at 1.3% this year

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