IMF: Azerbaijan's non-oil GDP to grow by 3.5%, oil GDP to rise by 0.2%

IMF: Azerbaijan's non-oil GDP to grow by 3.5%, oil GDP to rise by 0.2% A 4.5% increase is expected in the Gross Domestic Product (GDP) in the non-oil sector of Azerbaijan, Report informs, citing the International Monetary Fund (IMF).
Energy
October 19, 2021 15:26
IMF: Azerbaijan's non-oil GDP to grow by 3.5%, oil GDP to rise by 0.2%

A 4.5% increase is expected in the Gross Domestic Product (GDP) in the non-oil sector of Azerbaijan, Report informs, citing the International Monetary Fund (IMF).

According to the document published by the Fund, in 2022, the growth rate in non-oil GDP will weaken slightly to 3.5%.

In Azerbaijan's oil sector, gross domestic product is projected to grow by 0.2% in 2021-2022.

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