“Azerbaijan’s long-term economic growth will be supported by its transport-logistics role and the reconstruction of Karabakh,” APA-Economics reports, citing the international rating agency Moody’s.
According to the agency's assessment, Azerbaijan's economic resilience maintains prospects for sustained economic growth over the next 12–18 months, despite continued dependence on the oil and gas sector. Moody’s notes that the country’s transformation into a key link of the Middle Corridor, as well as the reconstruction of Karabakh and East Zangezur, are the main drivers of long-term growth.
The report states that Azerbaijan’s real GDP grew by 4.1% in 2024, while in 2025 growth is expected to slow to 1.5% amid uncertainty in global trade and a high base effect. Nevertheless, Moody’s emphasizes that, in the medium term, growth in the non-oil sector will be supported by the expansion of transport-logistics capabilities and regional reconstruction projects.
Moody’s added that investments directed toward the reconstruction of Karabakh and East Zangezur, as well as green energy projects, will positively contribute to the acceleration of economic diversification and the attraction of foreign capital.
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