The International Monetary Fund (IMF) forecasts 3% growth in the gross domestic product (GDP) of Azerbaijan, up 0.5 percentage points from October’s outlook.
The Fund expects Azerbaijan’s economy to grow 2.6% next year and in 2028.
The Azerbaijani government predicts the GDP to grow by 2.7% in 2023, and 4.1% in 2024.
Last week, the Asian Development Bank (ADB) said it expects the value of the gross domestic product (GDP) per capita in Azerbaijan this year to increase by 2.5% compared to 2022.
According to the ADB's document, the bank expects GDP per capita growth in Azerbaijan to be 2.8% in 2024.
ADB predicts a 3% increase GDP per capita in the Caucasus and Central Asia region this year and a 3.2% increase next year.
