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Fitch: Azerbaijan’s non-oil GDP grew 9.1% in 2022
Finance
- 01 April, 2023
- 06:19
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Azerbaijan’s economy expanded in 2022, driven by 9.1% growth in the non-energy sector. Energy sector GDP contracted 2.7%, with a 5.6% fall in oil production partly offset by 7.3% growth in gas output, Report informs referring to Fitch Ratings.
Fitch forecasts GDP growth slows to an average 2.1% in 2023-2024.
The general government surplus rose 2pp in 2022 to 6% of GDP driven by a 27% increase in revenue.
Author
Fitch: 2022-ci ildə Azərbaycanın qeyri-neft ÜDM artımı 9,1% təşkil edib
Fitch: рост ненефтяного ВВП Азербайджана в 2022 году составил 9,1%
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