GDP forecast in Azerbaijan for 2024 has been announced

GDP forecast in Azerbaijan for 2024 has been announced
# 01 November 2023 21:36 (UTC +04:00)

The GDP growth rate in Azerbaijan is expected to be 2.4% or 118.4 billion manats in the base scenario in 2024, the Finance Ministry of the country noted, APA reports.

According to the Ministry, compared to the base scenario, the real growth in the optimistic scenario is 3.3 percent or 128.7 billion manats. In the pessimistic scenario, the real growth is -0.1 percent or 103.0 billion manats.

The growth rate of non-oil GDP is expected to be 4.6% or 84.2 billion manats in the base scenario 2024. Compared to the base scenario, the real growth in the optimistic scenario is 5.8% (1.2 percentage points more) or 87.4 billion manats (3.2 billion manats more), and in the pessimistic scenario the real growth is 0.7% (3. 9 percentage points less) or 78.5 billion manats (5.7 billion manats less).

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