ADB: Azerbaijan's economy to grow by 3.7% this year

According to the Asian Development Bank (ADB) forecasts, this year, the growth rate of the gross domestic product in Azerbaijan will be 3.7%, Report informs, citing Asia Development Outlook (ADO) 2022.

According to the document, Azerbaijan's economy will grow by 2.8% next year.

In the first two months of 2022, the value of GDP produced in Azerbaijan increased by 6.7% to 19.175 billion manats compared to the same period last year. The value of non-oil and gas GDP increased by 10.1% to 9.69 million manats. During the reporting period, GDP per capita amounted to 1,910 manats, 6.3% more than a year ago.