ING: Azerbaijan's nominal GDP to exceed $81B by 2026

Kamran Gasimov
Author

Azerbaijan's nominal gross domestic product (GDP) is forecast to amount to 138.4 billion manats ($81.4 billion) in 2026, Report informs, citing the Netherlands' largest banking group, ING Group.

In 2027, this figure will rise to 150.3 billion manats ($88.4 billion), and in 2028, it will reach the mark of 162.2 billion manats ($95.4 billion).

At the end of 2025, the country's nominal GDP was recorded at 129.1 billion manats ($75.9 billion).

As for Azerbaijan's per capita GDP in dollar equivalent, it will increase from $7,857 in 2026 to $8,451 in 2027 and to $9,032 in 2028.

"The growth of the nominal economy's volumes will be ensured by the stable development of the non-oil sector, as well as maintaining the unchanged exchange rate of the national currency at the mark of 1.7 manats per $1 throughout the entire three-year horizon," the ING noted.

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