Volume of GDP in Azerbaijan forecasted at AZN 119.6 bln. by end of year

Volume of GDP in Azerbaijan forecasted at AZN 119.6 bln. by end of year
# 21 September 2023 14:53 (UTC +04:00)

Based on the macroeconomic forecast indicators on the base scenario for 2024 and next 3 years (assuming an average annual export price of one barrel of oil for the period 2024-2027 is 60 USD) prepared by the Ministry of Economy of the Republic of Azerbaijan, GDP in Azerbaijan will increase by 1.9% in real terms and amount to 119.6 billion manats in 2023, says the document prepared by the Ministry of Finance “On the initial indicators of the state and consolidated budgets for 2024”, APA reports.

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