World Bank updates its forecasts on Azerbaijani economy

Kanan Sadigov
Post's author

The production of gross domestic product (GDP) in Azerbaijan is expected to increase by 1.5% this year, and by 2.4% in 2024, according to the World Bank’s Regional Economic Outlook, Report informs.

According to the document, this is, respectively, 0.7 percentage points and 0.1 percentage points lower than the forecasts published in spring 2023.

The World Bank predicts that Azerbaijan's economy will grow by 2.5% in 2025.

Latest news

Operating expenses for ACG up by 10% 5 November, 2024 / 11:49
EU delegation arrives in Armenia to pave way for visa liberalization 5 November, 2024 / 11:43
Patriarch Ilia II praises Azerbaijan's role in fostering international cooperation 5 November, 2024 / 11:38
BP produced 13M tons of oil from ACG in January-September 5 November, 2024 / 11:31
Azerbaijan, Pakistan to sign agreement on fuel supply 5 November, 2024 / 11:15
Moratinos: Religious leaders can make significant contribution to combating climate change 5 November, 2024 / 11:14
Muhammad Al-Duwaini: COP29 should achieve implementation of decisions left on paper 5 November, 2024 / 10:59
Emergency response drills conducted in Baku to ensure energy supply stability during COP29 5 November, 2024 / 10:53
Patriarch Kirill: Ecosystem destruction could lead to the demise of humanity 5 November, 2024 / 10:48
Azerbaijan's energy minister to participate in WFEG meeting in Italy 5 November, 2024 / 10:38
Mohammed Abdelsalam: Muslim Council of Elders highly appreciates Azerbaijan's climate initiatives 5 November, 2024 / 10:25
Mukhtar Babayev: Climate change is daily reality, not just theoretical threat 5 November, 2024 / 10:21
Azerbaijani oil price settles above $76 5 November, 2024 / 10:19
Russian rocket launches 2 Iranian satellites into orbit 5 November, 2024 / 10:03
EU countries spent about 6.8B euros on imports of Azerbaijani oil in 8 months 5 November, 2024 / 09:52