Moody's: Azerbaijan's GDP growth in 2026 will be 3%

International rating agency Moody's forecasts an acceleration of Azerbaijan's GDP growth to 3% in 2026, Report informs.

Moody's estimates that Azerbaijan's GDP grew by 1.5% in 2025.

The agency expects Azerbaijan's economic growth in 2027 to be 2.5%.

Thus, in 2026-2027, the average annual GDP growth of Azerbaijan, according to the agency's estimates, will be 2.75%.

Non-oil sector momentum is expected to continue to support economic growth in 2026, according to the agency.

"Looking ahead, we expect real GDP growth to normalize to around 3% in 2026. Falling oil production will remain a drag on growth, though the commissioning of several upstream projects could further bolster gas production. On the other hand, growing transport activity across the Middle Corridor, continued infrastructure upgrades and deepening regional integration through digitalization and green initiatives will provide structural support to non-oil growth. The approval on the establishment of casinos on artificial islands in the Caspian Sea near Baku could further boost the tourism sector once completed," Moody's noted.

According to the State Statistics Committee of Azerbaijan, the country's economy grew by 1.4% in 2025.