"The price of a barrel of oil is forecasted to be $70 in 2025 and $65 in 2026-2028," Azerbaijan's Minister of Economy Mikayil Jabbarov said during discussions on the draft law "On the State Budget of the Republic of Azerbaijan for 2025" at today's plenary session of the Milli Majlis (Azerbaijani Parliament), APA reports.
The minister noted that considering the forecasted price, the GDP per capita in 2025 is expected to be $7,412, and by the end of 2028, it is projected to reach $8,522.