Galt&Taggart: GDP in Azerbaijan in 2018-2020 is 3.7 times higher than in Armenia

Azerbaijan's GDP will be 2.7% in 2019 and 2.1% in 2020.

Report informs that this was stated in the Regional Fixed Income Market report by Galt & Taggart Investment Company, a member of Georgia's Bank of Georgia Group.

"While in 2018 it was $ 46.9 billion, it is projected to be worth $ 45.2 billion in 2019. In the upcoming year 2020, this figure will rise $2.2 billion or 4.9% to settle at $4 billion, while GDP in Azerbaijan in 2018-2020 is 3.7 times higher than in Armenia," he said.

Galt & Taggart, which explores the investment opportunities in Azerbaijan, Armenia, Georgia, Belarus, Kazakhstan and Ukraine, also cites inflation in Azerbaijan:

"While annual inflation in Azerbaijan was 2.9% in June this year, these figures are different annually, as in 2018 the prices in the consumer market increased by 2.3%, while in 2019 this figure was 3.2% , and in 2020 it will be 3.3%."

Galt & Taggart believes that the volume of bonds in Azerbaijan is $8.2 billion:

"In this volume, the energy sector accounts for 46%, financial sector for 15% and government structures for 39%."