CBA expects economic growth to accelerate until 2025

The Central Bank of Azerbaijan forecasts gross domestic product (GDP) growth of 1.5% in 2023, 3.5% in 2024 and 4% in 2025, Chairman of the Central Bank of Azerbaijan (CBA) Taleh Kazimov said at a press conference, Report informs.

“Non-oil GDP is also expected to grow by 3% in 2023, 6% in 2024 and 5.5% in 2025,” he said.

In January-September 2023, Azerbaijan produced GDP worth 90.812 billion manats ($53.418 billion), which is 0.8% more than in the same period last year.