S&P expects Azerbaijan's nominal GDP to grow to $75 billion in 2025

Azerbaijan's nominal GDP will amount to $74.98 billion (127.466 billion manat) in 2025 and increase to $77.86 billion (132.362 billion manat) next year.

Report informs, citing forecasts from the international rating agency S&P Global, the country's real GDP growth in 2025 and 2026 is projected to be 2%.

According to the agency's estimates, GDP per capita will reach $7,277 in 2025 and increase to $7,511 in 2026.

Azerbaijan's Ministry of Economy predicts economic growth in the country this year at 3.5%, while the Central Bank expects growth in 2025 at 3.3%.

According to forecasts by the international rating agency Moody's, real GDP growth in Azerbaijan in 2025 will be 4%. Fitch Ratings forecasts an increase in the country's GDP by 3% in 2025 and 2.4% in 2026. The Dutch bank ING expects economic growth in the country at 2.6% this year and 2.8% next year.

In 2024, Azerbaijan's economy grew by 4.1% and nominal GDP amounted to 126.337 billion manat ($74.315 billion).