Azerbaijan’s non-oil GDP growth is projected to reach 7%

Azerbaijan’s non-oil GDP growth is projected to reach 7%
# 06 October 2021 10:37 (UTC +04:00)

Azerbaijan’s non-oil GDP growth is projected to reach 7.1%, according to updated World Bank report on Europe and Central Asia, APA-Economics reports.

“The non-energy sectors are expected to drive growth, supported by rising public investment, including post-conflict reconstruction. Energy-sector growth is projected to stabilize in line with predetermined OPEC+ quotas and anticipated expansion of natural gas production by end 2023, which will also increase energy related greenhouse gas emissions and slow overall decline in emissions,” the reports reads.

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