BAKU, Azerbaijan, Feb. 25. Azerbaijan's real GDP is expected to be in the range of 2.5% to 3% in 2026-27, compared with an estimated 1.5% in 2025 and 4.1% in 2024, says Moody’s, Trend reports.
“Growth will again be driven by the solid performance of the non-oil sector, in which banks conduct most of their business, supporting credit growth, asset quality and profitability. Economic growth will be supported by expanding capacity and activity in the transport and logistics sector, including key transport routes such as the Trans-Caspian International Transport Route; by reconstruction efforts in the Karabakh and East Zangezur regions; and by the government's push into renewables, which has drawn foreign investment into wind and solar projects,” reads the report.
According to the State Statistics Committee, Azerbaijan’s GDP reached 9.079 billion manat in January 2026, up 1.7% compared with the same month a year earlier.
Value added in the oil and gas sector rose 0.6%, while the non-oil sector increased 2.3%.
In terms of GDP structure, industry accounted for 33.9%, trade and vehicle repair 11.7%, transport and storage 7.8%, construction 3.6%, agriculture, forestry, and fishing 3.3%, accommodation and food services 2.4%, information and communications 2.2%, and other sectors 23.4%. Net taxes on products and imports contributed 11.7% of GDP.
GDP per capita stood at 884.5 manat.