Paşha Bank
Bank Of Baku

Central Bank of Azerbaijan raises country's economic growth forecast

CBA Governor Taleh Kazimov

© APA | CBA Governor Taleh Kazimov

# 29 October 2026 11:31 (UTC +04:00)

The Central Bank of Azerbaijan (CBA) forecasts that the country's gross domestic product (GDP) will grow by 1.3% this year and 2.4% next year, CBA Governor Taleh Kazimov, stated at a press conference dedicated to the monetary policy decision, APA-Economics reports.

According to him, the economic growth forecast for this year has been revised upward.

The CBA Governor noted that growth in the non-oil and gas sector is expected to reach 2.8% in 2026 and 4.3% in 2027.

Taleh Kazimov identified tourism, trade, transport, and other sectors as areas supporting economic growth in the non-oil and gas sector.

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