BAKU, Azerbaijan, April 11. The Asian Development Bank (ADB) anticipates Azerbaijan's GDP to rise by 1.2 percent in 2024, up from 1.1 percent in 2023, Trend reports.
The bank estimates that Azerbaijan's GDP will expand by 1.6
percent in 2025.
As a result, the bank predicts Azerbaijan's GDP to increase at an
average annual rate of 1.4 percent in 2024–25.
ING predicts Azerbaijan's GDP to expand moderately, by 2.5 percent
in 2024 and 2.7 percent in 2025, pro rata.
In line with the above expectations, Moody's International expects
that Azerbaijan's GDP will expand by 2 percent in 2024 and 3
percent in 2025 in its research of the Commonwealth of Independent
States' (CIS) banking industry.
Azerbaijan's GDP in 2023 amounted to 123 billion manat, or $72.35
billion, with real economic growth anticipated at 1.1 percent.
