Finance

Home page

Finance

Prime Minister: Azerbaijan’s strategic foreign exchange reserves rose by $12.5 billion this year to $83.5 billion

09 December 2025 12:11 (UTC +04:00)

Despite the global risks listed in the World Economic Forum’s 2025 “Global Risk Report,” our macroeconomic indicators have remained stable in the 11 months of the current year, said Prime Minister Ali Asadov during the discussion of the draft law “On the State Budget of the Republic of Azerbaijan for 2026,” which was brought up at today’s session of the Milli Majlis, APA reports.

The Prime Minister noted that a strong external balance, low government debt, and large assets of the sovereign fund should be highlighted as the main positive indicators: “In the 11 months of the current year, the Gross Domestic Product increased by 1.6%, including a 3.2% growth in the non-oil and gas sector and a 1.8% decrease in the oil and gas sector. The relative slowdown in economic growth is primarily due to the decline in oil production for objective reasons. The country’s strategic foreign exchange reserves have been increasing year by year, and since the beginning of this year, they have grown significantly by 12.5 billion dollars, reaching 83.5 billion dollars. This amounts to 142 billion manat, exceeding the expected GDP volume for 2025 (130 billion manat). Currently, our foreign exchange reserves are 17 times greater than our external debt. Today, two leading global rating agencies (“Moody’s” and “Fitch”) have upgraded our country’s credit rating. This confirms the level of economic stability, fiscal discipline, and favorable investment environment in our country. All these are manifestations of the successful foreign and domestic policies and reforms carried out under the leadership of Mr. President Ilham Aliyev.”