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The Central Bank of Azerbaijan forecasts economic growth in the country this year
The Central Bank of Azerbaijan forecasts economic growth in the country this year
According to the Central Bank of Azerbaijan's January 2025 forecast, economic growth in the current year is expected to be 3.3% for total GDP and 5.2% for non-oil GDP.
This information is provided in the Central Bank's "Monetary Policy Review."
The main driving force behind economic growth in the non-oil sector is expected to be the final consumption expenditures of households and government agencies.
The economic growth forecast for January 2025 has been increased by 0.08 percentage points compared to the October forecast of the previous year. The slight change in the 2025 forecast is due to the revision of the growth forecast for the non-oil and gas sector. The oil and gas sector growth forecast for January 2025 has remained stable compared to the October forecast of the previous year. The oil and gas sector forecasts are based on the government's official projections. The non-oil and gas sector growth forecast for January has been revised upward by 0.1 percentage points, from 5.1% to 5.2% for 2025.
According to the Central Bank of Azerbaijan's January 2025 forecast, economic growth in the current year is expected to be 3.3% for total GDP and 5.2% for non-oil GDP.
This information is provided in the Central Bank's "Monetary Policy Review."
The main driving force behind economic growth in the non-oil sector is expected to be the final consumption expenditures of households and government agencies.
The economic growth forecast for January 2025 has been increased by 0.08 percentage points compared to the October forecast of the previous year. The slight change in the 2025 forecast is due to the revision of the growth forecast for the non-oil and gas sector. The oil and gas sector growth forecast for January 2025 has remained stable compared to the October forecast of the previous year. The oil and gas sector forecasts are based on the government's official projections. The non-oil and gas sector growth forecast for January has been revised upward by 0.1 percentage points, from 5.1% to 5.2% for 2025.