Azerbaijani government forecasts that the country's gross domestic product (GDP) will reach AZN 141 billion in 2027, APA-Economics reports citing Ministry of Finance's macroeconomic forecasts for 2027.
It is noted that economic growth in the country is expected to stand at 2.7% next year.
According to the forecast, growth of 4.4% is projected for the non-oil and gas sector, while a decline of 1.8% is anticipated in the oil and gas sector.
It is forecast that the non-oil and gas sector will account for AZN 109.1 billion of the total GDP in 2027.